Minutes of the Executive Board's monetary policy meeting on 1 September 2010
The repo rate needs to be raised gradually towards more normal levels to attain the inflation target of 2 per cent and create the right conditions for stable growth in the real economy. The Executive Board of the Riksbank has therefore decided to raise the repo rate by 0.25 percentage points from 0.5 per cent to 0.75 per cent.
The Swedish economy has developed strongly so far this year. World trade has increased rapidly, which has contributed to an acceleration in exports and investment. There has also been a substantial improvement in the labour market. Continuing modest activity in the eurozone and a more protracted recovery in the United States are expected to dampen developments in Sweden somewhat in the long run.
Deputy Governor Lars E.O. Svensson entered a reservation against the decision to raise the repo rate by 0.25 percentage points to 0.75 per cent and against the repo-rate path in the Monetary Policy Update. Deputy Governor Karolina Ekholm entered a reservation against the repo-rate path.
You can read the full minutes of the monetary policy meeting held on 1 September in the attached PDF file.
