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Minutes: Breman: Would have supported smaller hike if underlying inf had not risen

RIKSBANK
  • "If underlying inflation had not continued to rise, I would have advocated a smaller increase of the policy rate. With today’s increase, I assess that we are approaching a level at which the policy rate can then be held unchanged for a time. In this context, I wish to emphasise that I support the revised profile of the rate path at today’s meeting, that is, a rate path that levels off rather than indicates some probability of a rate cut."
  • "The Riksbank’s monetary policy is now firmly contractionary, which will contribute to a slowdown in economic activity and the return of inflation to target."
  • "It is important that we be clear about the continued risks involved in acting either too little or too much. This is beginning to become an increasingly difficult trade-off, the higher the policy rate goes."

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