Separate minute of the Executive Board meeting on 28 January 1999

Present:

Urban Bäckström chairman

Lars Heikensten

Eva Srejber

Villy Bergström

Kerstin Hessius

Lars Nyberg
Kerstin Alm

Björn Hasselgren

Sven Hulterström

Robert Sparve

Åsa Sydén

Michael Wallin

Steffan Viotti

§ 1. The Riksbank’s repo rate

Deputy Governor Lars Heikensten observed that the assessment of the real economic situation and inflation prospects, together with developments in financial markets, did not at present warrant any 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 3.40 per cent and a fixed rate repo with a duration from the 10th to the 17th of February 1999 at an unchanged rate of 3.40 per cent.

The Executive Board decided in accordance with the proposal.

This minute was immediately confirmed.