Riksbank was split on interest rate decision
TT/The Local · 25 Feb 2008, 14:39
Published: 25 Feb 2008 14:39 GMT+01:00
- Swedish inflation falls in January (19 Feb 08)
- Central bank in surprise rate rike (13 Feb 08)
- Analysts: No interest rate hike in February (21 Jan 08)
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.