Riksbank minutes (September meeting):

Governor Thedéen

• "The fact that we explicitly state in the draft report that we may make cuts in larger steps is a clear indication that, given the favourable inflation outlook, this is now part of our gradual monetary policy strategy"


• "Krona remains undervalued and our inflation forecast is based on the assumption of a gradual appreciation of the exchange rate".

Deputy Governor Bunge

• "Would very much like to minimise the significance of a possible cut of 0.5 percentage points at a specific meeting".


• "We need to take a step-by-step approach in which we are prepared to change our plan if necessary".

Analysis details (08:32)

• As a reminder, at the September meeting, the Riksbank cut its Rate by 25bps as expected to 3.25% (prev. 3.50%), adding that the policy rate may also be cut at two remaining meetings this year, with a 50bps cut possible at one of those meetings. Rate are expected to be cut at a clearly faster pace than before.

01 Oct 2024 - 08:30- Fixed Income- Source: Riksbank