Separate minute of the Executive Board meeting on June 17
Urban Bäckström, Chairman
Sven Hulterström, Chairman of the Governing Council
Johan Gernandt, Vice Chairman of the Governing Council
§ 1. The Riksbank’s repo rate
Deputy Governor Lars Heikensten stated that the assessment of economic and financial developments in Sweden and elsewhere, the view of inflation prospects and the appraisal of the situation for monetary policy did not currently call for a change in the repo rate.
He therefore proposed the announcement of a fixed rate repo with a duration from 23 June 1999 to 30 June at an unchanged rate of 2.90 per cent and a fixed rate repo with a duration from 30 June to 7 July 1999 at an unchanged rate of 2.90 per cent.
The Executive Board decided in accordance with the proposal.
This minute was immediately confirmed.