Sweden's Riksbank out with their latest decision 27 April
- rate increases postponed
Says the Riksbank :
"Economic activity in Sweden is increasingly strong, but the Riksbank now assesses that it will take longer before inflation stabilises around 2 per cent. There is still considerable uncertainty over political and economic developments abroad.
The Executive Board decided to extend the purchases of government bonds by SEK 15 billion during the second half of 2017 and to hold the repo rate unchanged at −0.50 per cent. The repo rate is now not expected to be raised until mid-2018, which is slightly later than in the previous forecast."
Full statement here
USDSEK spikes higher to 8.8045 from 8.7600 on the rate hike delay . EURSEK 9.6053 from 9.5580
