Minutes of the Executive Board's monetary policy meeting on 19 April 2010
At its monetary policy meeting on 19 April, the Executive Board of the Riksbank decided to hold the repo rate unchanged at 0.25 per cent. At the same time, the assessment made was that the Swedish economy will grow this year and that there appears to have been a turnaround in the labour market. The Executive Board expects to begin raising the repo rate towards more normal levels with effect from the summer or early autumn. The forecast for the repo rate is thus the same as in February.
Deputy Governor Lars E.O. Svensson entered a reservation against the repo rate path and advocated a path where the repo rate is held at 0.25 per cent until the end of the fourth quarter of 2010, and after this a return to the repo rate path of the main scenario.
You can read the full minutes of the monetary policy meeting held on 19 April in the attached PDF file.
