The Swedish Central Bank announced the monetary policy decision today and the most prominent points as follows:
- Central Bank left rates unchanged at -0.50%.
- Interest rate hike may begin towards the end of the year.
- Inflationary pressures are modest.
- Deputy Governor Floden entered a reservation against repo rate path.
- Also, Floden advocated a repo rate path which indicated an initial increase by 0.25% in September or October.
- The excessively rapid appreciation of Swedish krona will make it difficult to stabilize inflation.
- Swedish krona is expected to strengthen gradually over the coming years.
