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MNI Riksbank Review - July 2021: Repo rate path at zero

MNI BRIEF: Riksbank Keeps Zero Rate, Forecasts No Change Ahead

Executive Summary

  • The Riksbank decided to leave the repo rate path at 0% throughout the forecast horizon, with the market viewing the meeting as mildly dovish.
  • Some had expected the repo rate path to show some probability of an increase in Q3-24 (the new quarter added to the forecasts).
  • Focus now turns to the Minutes to see whether any members had concerns over keeping the repo rate path at 0% or whether they have concerns that inflation could be something other than transient.
Full document here:

MNI Riksbank Review - Jul 2021.pdf

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