Minutes from the Sveriges Riksbank Meeting, 8 Dec

Minutes from the Sveriges Riksbank Executive Board meeting on 8 December showed that members expected economic growth, both in Sweden and abroad, to be fairly robust in the period ahead. There were downside risks, however, mainly stemming from exchange rate developments.

"One member agreed that 2004 was going to be a strong year, but said that there was great uncertainty over future developments. Large exchange rate movements could have an adverse effect on growth, even if they weren't abrupt.