Free Trial

MNI BRIEF: Riksbank Sticks To Zero Rate Forecast

(MNI) LONDON
(MNI) London

The Riksbank Executive Board left the policy rate at zero following its September meeting and stuck to its forecast that it would stay at zero throughout its three year forecast horizon despite predicting that inflation would stay above target over the next year.

The Riksbank's forecasts in the Monetary Policy Report showed inflation on the CPIF measure, consumer prices with a fixed interest rate, peaking at 3.15% in November this year and staying above the 2.0% target until August 2022, when it was shown plunging back to 1.36% as base effects from higher inflation this year kick-in. The board's position was that expansionary monetary policy was needed to keep inflation close to target in the longer run.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
True

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.