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Minutes of the Swedish Riksbank’s latest meeting suggest policy makers weren’t quite as dovish as first thought after the bank last month delayed planned interest-rate increases.
The minutes, released on Tuesday, showed that a clear majority is still intent on tightening further, with two members hesitant toward supporting the lower interest rate path revealed last month. Deputy Governor Cecilia Skingsley pondered whether extending the bond purchased was really necessary.
The bank last month kept its benchmark rate at minus 0.25 percent after hiking in December for the first time in seven years. But bowing to slower inflation and a more cautious stance among central banks abroad, policy makers in Stockholm also pushed back the timing of the next rate increase, potentially into next year.
Following are some of the key comments from the minutes of last month’s rate meeting: