Riksbank board divided on rate hold decision

The Swedish Riksbank's monetary policy meeting was divided in its recent decision to leave the rate unchanged, according to reports.

On 3 May, two of the four members of the Executive Board of the Riksbank, responsible for key monetary policy decisions, argued for a 0.25 basis point hike to 3.50%.

Two deputy governors, Svante Oberg and Lars Nyberg, entered a reservation against the decision to keep the rate unchanged.

"Our joint assessment is that the upside risks have increased significantly s