18 Jan 2016
Riksbank minutes: ready, steady… intervene
FXStreet (Edinburgh) - The Riksbank has published its minutes from the meeting hold earlier this month, showing the bank’s intention to intervene in the FX markets, cut the repo rate further, extend its bond purchases and lend money to companies via the banks in order to ‘safeguard the rise in inflation’.
In addition, the Nordic central bank will remain vigilant on the level of the krona, considered as the main factor behind inflation dynamics in the domestic economy.
However, Deputy Governor M.Floden was the only dissenter. He believes it is still premature to incur in further easing, while he deemed FX interventions as not a suitable tool to relax the monetary policy further in the current context.
In addition, the Nordic central bank will remain vigilant on the level of the krona, considered as the main factor behind inflation dynamics in the domestic economy.
However, Deputy Governor M.Floden was the only dissenter. He believes it is still premature to incur in further easing, while he deemed FX interventions as not a suitable tool to relax the monetary policy further in the current context.