Central Banks
Riksbank Minutes Highlight Trump Uncertainty, Economic Risks
- Sweden’s central bank cut rate by half a point last week
- Officials stress need for demand pickup after long stagnation
This article is for subscribers only.
The Riksbank will closely watch whether the reelection of Donald Trump as US president leads to larger price increases ahead, officials indicated in minutes from last week’s policy meeting, when the Swedish central bank decided to increase the pace of easing.
“It’s conceivable that various factors abroad could interact in a negative way going forward,” Governor Erik Thedeen said in the minutes published on Wednesday. “My view is that we should act on the information we have at hand here and now, which speaks in favor of a continued, but somewhat faster normalization of monetary policy.”