“The riksbank raises the interest rate”
“Stefan Ingves will give a vengeance”
“the Riksbank raises the repo rate from -0,50 percent to sek-0.25%. nNästa increase likely in the second half of 2019, writes the Riksbank in a press release.”
“– This does not mean that we are treading on the brake, but that we are easing a little on the gas, ” says Stefan Ingves.”
“the Riksbank raises, for the first time since 2011, the repo rate from -0,50 to sek-0.25%. At the same time, notifies the Riksbank that a further increase is expected during the second half of the year 2019.”
” The new decision on the repo rate level will be applied from 9 January 2019. “
“”Despite the fact that inflation has been lower than expected, conditions are still good for that inflation should remain close to the target even in the future. As inflation and inflation expectations has been established around 2%, the need for a very expansionary monetary policy has decreased slightly. The executive board has therefore decided to raise the repo rate from -0,50 percent to sek-0.25%. The inflation forecast is based on the monetary stimulus is reduced slowly”, said the Riksbank in a press release.”
“the Riksbank’s management was not unanimous in the decision. Deputy governor Per Jansson wished to either raise interest rates or endorse the forecast for the coming interest rate hike later next year. “
“Even with the increase in interest rates is monetary policy has remained very expansionary, and provides support for the general economic development,” says Stefan Ingves.”
“There are reasons to believe that inflationary pressure persists for a while in the future, according to the governor.”
“Ovärldskonjunkturen is still good mean Ingves, however, political uncertainty about Brexit, handelskonflikten between the united states and other countries come into play. “
“– But it should be combined with a fairly large political uncertainty. “
“the Riksbank’s forecast is that global growth will be between 3-4 per cent. “
“Annika Winsth, chief economist at Nordea, says of the announcement:”
“– the Riksbank has clearly said in the autumn said that they would raise, therefore they were out of a kommunikationsperspektiv had to do it now but for the Swedish economy, it was an answer that came too late. “
“How do you think that saver?”
“– As for savers, it is very difficult. It is an economic environment that you don’t get anything out at all. Unfortunately, I have to say that cash is king today, you should be scared about the money. The strong development we have had in recent years, we have not before us, it will rather be the other way around, ” says Annika Winsth. “
“the Crown was strengthened a few pennies against both the dollar and the euro after the minimum bid rate, reports TT. A dollar now costs 9:00 sek against 9:06 crowns before the announcement. The euro is at 10:30 sek, 10:35.”
