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Jansson Strikes Similar Tone to Meeting Minutes

RIKSBANK
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Prepared comments from Riksbank Governor Jansson strike a very similar tone to those seen in yesterday's minutes.
  • He once again notes that it will be possible to cut rates earlier than implied by the November MPR rate path, "perhaps even in the first half of the year".
  • "At the moment, I see it as clearly more realistic that the rate will be cut at the meeting in either May or June.”
  • "Global geopolitical tensions may create new supply disruptions or contribute to a problematic weakening of the krona", which he notes as an upside risk to inflation.
  • Most interestingly - again as in the minutes - he notes the importance of having visibility on other central bank's rate paths before determining when the RIksbank can cut rates.
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Prepared comments from Riksbank Governor Jansson strike a very similar tone to those seen in yesterday's minutes.
  • He once again notes that it will be possible to cut rates earlier than implied by the November MPR rate path, "perhaps even in the first half of the year".
  • "At the moment, I see it as clearly more realistic that the rate will be cut at the meeting in either May or June.”
  • "Global geopolitical tensions may create new supply disruptions or contribute to a problematic weakening of the krona", which he notes as an upside risk to inflation.
  • Most interestingly - again as in the minutes - he notes the importance of having visibility on other central bank's rate paths before determining when the RIksbank can cut rates.