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MNI BRIEF: Riksbank Nov Minutes Steer To Faster Asset Sales

(MNI) London
(MNI) London

Riksbank saw benefits in accelerating asset sales to support the krona.

True

Riksbank Executive Board members all voted for unchanged policy at the November meeting and there was support for accelerating the pace of central bank asset sales with a vote in favour of that now looking likely at the January meeting.

Signs of softening inflation and mounting weakness of demand as the economic slowdown becomes more entrenched were sufficient to persuade all members to halt policy tightening in November and board members tilted towards stepping up the pace of quantitative tightening, in part to boost market liquidity and support the krona.

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Riksbank Executive Board members all voted for unchanged policy at the November meeting and there was support for accelerating the pace of central bank asset sales with a vote in favour of that now looking likely at the January meeting.

Signs of softening inflation and mounting weakness of demand as the economic slowdown becomes more entrenched were sufficient to persuade all members to halt policy tightening in November and board members tilted towards stepping up the pace of quantitative tightening, in part to boost market liquidity and support the krona.

Keep reading...Show less