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Riksbank: Low repo rate for longer, Executive Board ready to extend government bond purchases in December

From riksbank.se

The upturn in the Swedish economy is continuing, but the Riksbank assesses that it will take longer before inflation attains the target of 2 per cent. The upturn in inflation therefore needs continued strong support. The Executive Board assesses that the repo rate needs to be held at −0.50 per cent for six months longer than was forecast in September. The probability that the rate will be cut further has increased. The purchases of government bonds will continue during the second half of 2016, as decided in April. Prior to the monetary policy meeting in December, the Executive Board is prepared to extend the ... (full story)

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