Minutes of the Executive Board’s monetary policy meeting on 10 February 2010
At the Monetary Policy Meeting on 10 February, the Executive Board of the Riksbank resolved to leave the repo rate unchanged, at 0.25 per cent. At the same time, the assessment made was that the economic upturn is on firmer ground and that there is thus reason to begin raising the repo rate slightly earlier than was forecast in December. The Executive Board of the Riksbank expects that it will begin to raise the repo rate in the summer or early autumn.
Deputy Governor Lars E.O. Svensson entered a reservation against the decision and advocated cutting the repo rate to 0 per cent and a repo rate path 0.25 per cent below that in the main scenario until the end of the fourth quarter of 2010.
You can read the full minutes of the monetary policy meeting held on 10 February in the attached PDF file.
