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Minutes: Floden: Rapid hikes needed; reinvestments could have ended

RIKSBANK
  • It is "clear that the Riksbank’s policy rate will need to be raised considerably from its current level of 0.25 per cent in order to dampen inflation sufficiently."
  • Is it "positive that our forecast for the policy rate indicates that we will continue to raise the rate in the autumn."
  • "Our focus needs to be on bringing down inflation even if this would lead to, or require, even weaker economic developments in the near term... We therefore need to raise the policy rate now and probably continue to increase it rapidly at our meetings in the autumn. But it is difficult today to judge how the policy rate needs to develop after the monetary policy meetings immediately ahead."
  • "Believe that we could have ended purchases of corporate bonds immediately and other purchases after the third quarter of this year without any problems, but since the proposal again involves a significant tapering, I do support it."

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