15:35:14
Riksbank: Weak krona leads to high inflation.
15:34:57
The U.S. dollar fell sharply against the Swedish krona USD/SEK in the short term by nearly 1,000 points to 10.7334.
15:33:52
Fed Chairman Powell: A return to a low inflation environment should not be assumed.
15:33:38
Riksbank: Gross domestic product (GDP) is expected to be -0.5% in 2023, compared to -0.7% previously.
15:33:07
Riksbank: is considering hedging part of its foreign exchange reserves.
15:32:47
Federal Reserve Chairman Powell: In the short term, the central bank is very sensitive to inflation.
15:32:34
Riksbank: If further tightening of monetary policy is required, an increase in the policy rate is the main and most effective tool.
15:32:25
Riksbank: It is still uncertain how much monetary policy tightening is needed to bring inflation down and stabilize near the 2% target level.
15:32:02
Riksbank: At least one more rate hike this year.
15:31:53
Riksbank: The committee decided to increase the pace of government bond sales from SEK 3.5 billion per month to SEK 5 billion per month from September this year.
15:31:19
The Riksbank raised its policy rate by 0.25 percentage points.
15:31:08
The Riksbank expects the policy rate to average 3.75% in the third quarter of 2023, compared to a previous forecast of 3.60%, and expects the policy rate to average 4.05% in the second quarter of 2024, compared to a previous forecast of 3.65%.
15:30:43
The Riksbank expects the policy rate to average 2.75% in the first quarter of 2023, the same as previously forecast; the policy rate will average 3.32% in the second quarter, the same as previously forecast.
15:30:12
European Central Bank Governing Council Hernandez de Kos: It is impossible to predict what may happen to the ECB interest rate in the second half of the year.
15:29:12
European Central Bank Governing Council Hernandez de Kos: Monetary policy transmission is working.
15:28:55
European Central Bank Governing Council Hernandez de Kos: Tightening policy has already had an impact on the economy.
15:26:57
Federal Reserve Chairman Powell: We have not ruled out the possibility of successive interest rate hikes.
15:26:44
Fed Chairman Powell: Interest rate decisions are expected to continue at a dovish pace.
15:25:40
Fed Chairman Powell: The risk of policy tightening too much is still smaller than the risk of too little.
15:24:45
Federal Reserve Chairman Powell: The timing and magnitude of interest rate hikes will depend on economic conditions.