Riksbank Minutes of the monetary policy meeting on 31 January:
Important
SourceNewsquawk
SectionOther Central Banks
THEDEEN
- Views that inflation dynamic is now going in the desired direction.
BREMEN
- Shares assessment that rate can probably be cut earlier than in the November forecast.
FLODEN:
- "My current assessment is that the policy rate path in the optimistic alternative scenario, with a policy rate cut in the second or third quarter of this year, seems increasingly reasonable as a likely scenario for a well-balanced monetary policy going forward."
- "Another glimmer of light is that the krona has not depreciated since our last meeting."
- "Inflationary pressures are returning to levels that are compatible with the inflation target. "
- "The timing of rate cuts at the major central banks abroad is a factor that may have significant bearing on when it is appropriate to also start relaxing monetary policy in Sweden."
JANSSON:
- "Implementing a first policy-rate cut as early as in March is something that I currently do not consider impossible but nor do I think it is particularly probable."
- A first rate cut at the meeting either in May or in June currently feels significantly more realistic.
BUNGE:
- "Supports the assessment that the risks of inflation becoming entrenched have declined. "
Via Riksbank