Economics
Riksbank Seen Holding the Line Against Global Easing Momentum
- Swedish central bank will keep benchmark rate at minus 0.25%
- Pressure is growing on policy makers to scrap tightening plan
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Riksbank Governor Stefan Ingves, who has likened the world’s major central banks to elephants, is likely to ignore the growing momentum for easing emanating from Frankfurt and Washington, for now.
Ingves and his colleagues in Stockholm are seen keeping their benchmark rate unchanged at minus 0.25% as they meet this week. It’s a close call whether they will maintain their forecast for a rate increase toward the end of the year.