FOREX TradingCharts.com

Financial News: Sweden's Central Bank Holds Repo Rate

Sweden's Central Bank Holds Repo Rate

12/20/2017 - 04:18:00 (RTTNews)

(RTTNews) - Sweden's central bank decided to maintain its negative interest rate and to begin reinvesting next month the bonds that mature in 2019.

The Executive Board of the Riksbank voted to hold the repo rate at -0.50 percent, and to begin slowly raising the repo rate in the middle of 2018 as previously announced.

Policymakers observed that monetary policy needs to remain expansionary for inflation to continue to be close to the target.

The Riksbank's net purchases of government bonds will amount to a nominal value of SEK 290 billion at the end of 2017. Redemptions and coupon payments in the government bond portfolio will be reinvested until further notice, the bank said.

To retain the central bank's presence on the market and attain a relatively even rate of purchase going forward, the reinvestments of these redemptions and coupon payments will begin as early as January 2018 and continue until the middle of 2019, the bank announced.

This means that the Riksbank's holdings of government bonds will increase temporarily in 2018 and the beginning of 2019.

Deputy Governors Martin Flodén and Henry Ohlsson entered reservations against the decision to begin reinvesting in January 2018 the bonds that mature in 2019.

Riksbank said it is prepared to implement further monetary policy easing if necessary to stabilize inflation and safeguard the inflation target.

According to new projections, the economy will grow 2.9 percent next year, 1.7 percent in 2019 and 2.1 percent in 2020.

In October, the bank had forecast 2.9 percent growth for 2018, 2 percent in 2019 and 1.9 percent in 2020.

Inflation outlook for 2018 was raised marginally to 2 percent from 1.9 percent. The bank maintained 2.8 percent projection for 2019 and 3.1 percent for 2020.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2017 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Hong Kong Jobless Rate Falls Unexpectedly (20 min(s), 40 sec(s) ago)
(RTTNews) - Hong Kong's unemployment decreased unexpectedly in the three months ended December ...Full Story»

China's Q4 GDP Growth Steady At 6.8% (02 hr(s), 28 min(s), 40 sec(s) ago)
(RTTNews) - China's economy expanded at a steady pace at the end of 2017, data from the Nation ...Full Story»

Dutch Export Growth At 5-Month High (03 hr(s), 30 min(s), 40 sec(s) ago)
(RTTNews) - Dutch export growth accelerated in November to the highest level in five months, figur ...Full Story»

Dutch Jobless Rate Remains Stable In December (03 hr(s), 59 min(s), 40 sec(s) ago)
(RTTNews) - Dutch unemployment rate remained stable in December, after falling in the previous two ...Full Story»

New Zealand House Prices Rise, Sales Fall In December (04 hr(s), 14 min(s), 40 sec(s) ago)
(RTTNews) - New Zealand's house prices increased in December from a year ago, while the volume ...Full Story»

China's Home Prices Increase In Most Cities (04 hr(s), 16 min(s), 40 sec(s) ago)
(RTTNews) - House prices in majority of the Chinese cities increased in December, the National Bur ...Full Story»

Japan Nov Industrial Production Rises Less Than Estimated (47 min(s), 20 sec(s) ago)
(RTTNews) - Japan's industrial production increased less than initially estimated in November, ...Full Story»

Australia's Inflation Expectations Unchanged In January (04 min(s), 20 sec(s) ago)
(RTTNews) - Australia's inflationary expectations remained unchanged in January, survey data f ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Hong Kong Jobless Rate Falls Unexpectedly

01/18/2018 - 04:45 AM (RTTNews)
(RTTNews) - Hong Kong's unemployment decreased unexpectedly in the three months ended December ...Full Story>>

China's Q4 GDP Growth Steady At 6.8%

01/18/2018 - 02:37 AM (RTTNews)
(RTTNews) - China's economy expanded at a steady pace at the end of 2017, data from the Nation ...Full Story>>

Dutch Export Growth At 5-Month High

01/18/2018 - 01:35 AM (RTTNews)
(RTTNews) - Dutch export growth accelerated in November to the highest level in five months, figur ...Full Story>>

Dutch Jobless Rate Remains Stable In December

01/18/2018 - 01:06 AM (RTTNews)
(RTTNews) - Dutch unemployment rate remained stable in December, after falling in the previous two ...Full Story>>

New Zealand House Prices Rise, Sales Fall In December

01/18/2018 - 00:51 AM (RTTNews)
(RTTNews) - New Zealand's house prices increased in December from a year ago, while the volume ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.