Riksbank Minutes: Deputy Governor Jansson believes the 2025 cut needs to come quite early in the year, in January or possibly at the meeting after that in March

GOVERNOR THEDEEN

• "My conclusion is that it will soon be appropriate to wait and see before making any further changes to the policy rate."
• "There are thus several reasons for now shifting to a more tentative approach when setting monetary policy. "
• "We will need to adopt a tentative approach and have patience, so that the cuts we have already made have time to make their mark on indicators and other data, before we consider new measures."
• The outlook for inflation is in line with the target and the long-term inflation expectations are firmly anchored at 2 per cent.

DEPUTY GOVERNOR JANSSON

• Also assess that it should be possible to make a further cut to the policy rate in the first half of next year. But I believe this cut needs to come quite early in the year, in January or possibly at the meeting after that in March.

DEPUTY GOVERNOR BUNGE

• Inflationary pressures are compatible with on-target inflation and inflation expectations are firmly anchored at 2 per cent, especially in the longer term.