Riksbank was split on interest rate decision
TT/The Local - [email protected]
Published: 25 Feb, 2008 CET.
Updated: Mon 25 Feb 2008 14:39 CET
The leadership of the Riksbank was split in its decision to raise the repo rate during its monetary policy meeting on February 12th.
The lack of unanimity was revealed in the meeting’s minutes, which were published on Monday morning.
Following the meeting, the Riksbank decided to raise Sweden’s main interest rate a quarter of a point to 4.25 percent, a decision which caught many analysts by surprise.
Vice governors Lars Nyberg and Irma Rosenberg came out against the decision, wanting instead to hold the rate steady.
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The lack of unanimity was revealed in the meeting’s minutes, which were published on Monday morning.
Following the meeting, the Riksbank decided to raise Sweden’s main interest rate a quarter of a point to 4.25 percent, a decision which caught many analysts by surprise.
Vice governors Lars Nyberg and Irma Rosenberg came out against the decision, wanting instead to hold the rate steady.
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