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Rate kept on hold at -0.50% at today`s.....>

RIKSBANK
RIKSBANK: Rate kept on hold at -0.50% at today`s meeting, with forecast path
lowered as expected: "The forecast for the repo rate indicates that it will also
be held unchanged at the monetary policy meeting in October, and then raised by
0.25 percentage points, either in December or February."
- One dissent on the September hold; and one dissenting on the rate hike path,
advocating an October hike.
- Deputy Gov Floden 'advocated a repo-rate path that indicates it is likely that
the repo rate will be raised by 0.25 percentage points at the monetary policy
meeting in October, but which coincides with the report's repo-rate path as from
the third quarter of 2019.'
- As expected, Deputy Governor Henry Ohlsson 'advocated raising the repo rate to
-0.25 per cent' at this meeting.
- A few comments in accompanying statement look dovish: `considerable
uncertainty regarding international developments`, `risks of excessively low
inflation merit particular attention`.
- Press conf at 1000BST w Governor Ingves.

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