Riksbank closer to tightening policy, governor Ingves says

Photo by David Lundberg
Sveriges Riksbank

The governor of Sveriges Riksbank thinks the central bank is gradually approaching the moment to start reversing its ultra-loose monetary policies, minutes of the monetary policy meeting, held on December 19, show.

“We have come a little closer to the point in time when monetary policy is expected to change direction, but we are not there yet,” Ingves said.

Policymakers decided to leave the repo rate at –0.5% and finish the bond purchase programme at the end of 2017, but also begin the

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