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RIKSBANK: Jansson Notes 25bp Cuts In Nov and Dec Is Main Scenario

RIKSBANK

Riksbank Deputy Governor Jansson has spoken at a breakfast seminar organised by Danske Bank:

  • "SWEDISH C.BANK'S JANSSON: - WE AREN'T TOO WORRIED ABOUT A CONSMUPTION DRIVEN UPTICK IN INFLATION AS A RESULT OF RATE CUTS - RTRS
  • "SWEDISH C.BANK'S JANSSON: WE NEED TO SEE AN ECONOMIC RECOVERY IF INFLATION IS NOT TO UNDERSHOOT"

Jansson striking an unsurprisingly dovish tone here. In the September meeting minutes, he continued to advocate for a faster pace of rate cuts than in June/August.. He was only worried about headline CPIF inflation undershooting the 2% target if it begins affecting "confidence in the inflation target".

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Riksbank Deputy Governor Jansson has spoken at a breakfast seminar organised by Danske Bank:

  • "SWEDISH C.BANK'S JANSSON: - WE AREN'T TOO WORRIED ABOUT A CONSMUPTION DRIVEN UPTICK IN INFLATION AS A RESULT OF RATE CUTS - RTRS
  • "SWEDISH C.BANK'S JANSSON: WE NEED TO SEE AN ECONOMIC RECOVERY IF INFLATION IS NOT TO UNDERSHOOT"

Jansson striking an unsurprisingly dovish tone here. In the September meeting minutes, he continued to advocate for a faster pace of rate cuts than in June/August.. He was only worried about headline CPIF inflation undershooting the 2% target if it begins affecting "confidence in the inflation target".

Keep reading...Show less