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Minutes: Breman: Expect reinvestments to decrease or cease next year

RIKSBANK
  • "Three aspects that influence the monetary policy considerations" at the June meeting:
  • "First, the inflation upturn is broad. In the latest inflation numbers, it is primarily service prices that have increased more rapidly than expected"
  • "Second, short-term inflation expectations continue to rise... It is important that short-term inflation expectations do not spill over into long-term inflation expectations. It is therefore positive that Prospera’s survey still indicates long-term inflation expectations of close to 2 per cent."
  • "Third, rate increases and reduced bond holdings will be effective measures in order to return inflation to the target. But let me emphasise again that it takes time for monetary policy to have effect."
  • "I expect reinvestments to then decrease further next year or cease completely. "

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