Riksbank Minutes

  • Riksbank says there remains considerable uncertainty
  • Considerable uncertainty about returned strength of global economy
  • Current policy contributing to economy improving
  • Most indications shows need for expansionary policy to continue
  • there remains continued high level of preparedness
  • Ready to act if SEK strengthens faster than forecast


Ohlsson comments:

  • Inflation is continuing to rise
  • supports extending QE
  • Inflation target still faces threats
  • ECB policy poses challenge to FX Outlook


  • Would intervene if Krona rises too rapidly
  • Would not hesitate to intervene in FX market


  • Major uncertainty on SEK development due to ECB


  • Still supports rate to remain unbchanged at meeting
  • Justified to discuss further cut of repo rate
  • Policy needs to be very expansionary for longer time
  • Recent inflation rise can hardly be described as robust
  • Recent upward trend in indlation is a positive sign
  • Inflation had been low for a long time