Sweden Riksbank breaks with Europe, raising rates to 0% in concern over negative rate distortions

by kiwimancy Main repo rate was raised by 25bps from -25bps to 0, not to +25bps. www.ft.com/content/0cb65c7a-223a-11ea-92da-f0c92e957a96www.bloomberg.com/news/articles/2019-12-19/swedish-rate-hike-ends-subzero-experiment-in-global-test-case www.bloomberg.com/opinion/articles/2019-12-19/sweden-s-riksbank-has-had-enough-of-negative-interest-rates Most economists and market participants don’t usually spend much time looking at Swedish monetary policy. Today … Read more