Riksbank sees need for expansionary policy, despite rising inflation

Photo by David Lundberg
Sveriges Riksbank. Image: David Lundberg

Sveriges Riksbank's latest monetary policy report emphasises the risks to the outlook despite inflation that is close to target and expected to overshoot. Despite a global recovery, political uncertainty calls for a need to keep policy expansionary, the Swedish central bank said today (February 15). Its executive board voted to hold the policy rate at –0.5%, continue asset purchases until mid-2017 and extend the mandate allowing swift intervention in the foreign exchange market. The rep