Highlights from the Riksbank Minutes.......>

RIKSBANK: Highlights from the Riksbank Minutes (1/2)

- Ingves: "In order to be able to act and make the best of a bad situation, it

is very important that the Riksbank, in addition to setting the repo rate, is

able to fully utilise its balance sheet." "It is primarily fiscal policy that

can mitigate the effects of the pandemic on the Swedish economy"

- Skingsley: "I support the assessment that trying to increase demand by cutting

the repo rate is not justified in the current situation. It may however become

relevant at a later stage, when we reach a recovery phase that needs support."

- Ohlsson: In recent months "the size of the Riksbank's balance sheet has

increased strongly. My assessment is that this focus will remain for some time

to come"

- Jansson: "Conditions for repo rate cuts will improve when the rate of spread

of the virus starts to decline and society gradually begins to open up. A

significant factor in my thoughts on the need to cut the repo rate in future is

how inflation and inflation expectations develop." "So far in this crisis other

monetary policy measures have been assessed as more important."