Riksbank leaves interest rate unchanged at -0.50%

Haresh Menghani FXStreet

The Riksbank, Sweden's central bank, announced its July monetary policy decision and left interest rate unchanged at -0.50%. Below are some of the key highlights from the central bank's monetary policy report, published this Tuesday.

Key points:

• Rate increases may start towards the end of the year.
• Inflationary pressures are moderate.
• Deputy Governor Floden entered a reservation against repo rate path in the report.
• Floden advocated a repo rate path that indicated an initial increase of repo rate by 0.25% in September or October.
• An excessively rapid appreciation of SEK would make it difficult to stabilize inflation.
• SEK expected to strengthen gradually in the coming years.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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