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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

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