The Riksbank is ready to take further speedy action

The minutes from the last monetary policy meeting of the Riksbank were published on Wednesday, and they show that the Riksbank is ready to take further action quickly, should the recent repo rate cut not have the desired effect on the rate of inflation. “The actions taken and the readiness to do more underlines that the Riksbank wants to safeguard the inflation target’s role as a nominal anchor for price and wage formation”, said the bank’s Governor Stefan Ingves in the minutes, reports Affärsvärlden.

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Philip Barjami is an editor for Mundus News and a regular contributor to the Monthly Policy Review. Philip holds a BSc in History and International Relations from the London School of Economics (LSE) with First Class Honours and has a Master’s in Middle Eastern Politics from the School of Oriental and African Studies (SOAS) in London. He has previously worked as an interpreter and as a financial analyst, before deciding to become a journalist. He is fluent in English, Swedish and Farsi.