Riksbank board grappling with ‘genuine policy dilemma'

Minutes from the Sveriges Riksbank's December meeting, which prompted a unanimous decision to lower interest rates for the first time since 2012, reveal considerable uneasiness among board members with uneven macroeconomic developments, with one member describing the decision as "probably the most difficult" he had been involved in.

The Riksbank cut its repo rate by 25 basis points to 0.75% last month in a bid to bring "unexpectedly low" inflation back towards its 2% target, while indicating a h