Separate minute of the Executive Board meeting on 25 February 1999

Present:

Urban Bäckström

Chairman

Lars Heikensten

Eva Srejber

Kerstin Hessius

Lars Nyberg
Sven Hulterström, Chairman of the Governing Council

Johan Gernandt, Vice Chairman of the Governing Council

Kerstin Alm

Björn Hasselgren

Åsa Sydén

Michael Wallin

Staffan Viotti

§ 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 the 3rd to the 10th of February 1999 at an unchanged rate of 3.15 per cent and a fixed rate repo with a duration from the 10th to the 17th of February 1999 at an unchanged rate of 3.15 per cent.

The Executive Board decided in accordance with the proposal.

This minute was immediately confirmed.