Riksbank board at a loss over falling inflation, minutes suggest

Photo by David Lundberg

Members of the Riksbank's executive board are bewildered by Sweden's rapid drop in inflation, but confident its decision to cut interest rates to zero will reverse the trend, according to minutes published today.

The central bank cut its benchmark repo rate by 25 basis points to 0% on October 27 after monthly inflation turned negative in September. The unanimous decision brought an end to the Riksbank's strategy of using monetary policy to ‘lean against' growing household debts.

It also brought

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: