Riksbank minutes confirm board division on normalisation
Three out of six board members voted to accelerate end of net asset purchases
The minutes of Sveriges Riksbank’s latest policy meeting confirm the board was divided as to how fast the central bank should put an end to net asset purchases.
On February 10, the central bank decided to maintain the repo rate at 0%. The Riksbank predicts the first rate increase will not take place until the second half of 2024. Additionally, it decided to purchase bonds for Skr37 billion ($4 billion) during the second quarter of 2022 to compensate for maturing asset holdings.
Three board
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