Dissatisfaction with our counterpart to the Fed is both widespread and long-standing. The fact that our central bank chose to have negative policy rate in a boom only to be forced to raise the rate significantly due to rampant inflation in an incipient recession has not been pleasant for them.
The Swedish central bank is named Riksbanken and translated directly it means bank of the kingdom.
The nickname of the bank is Riskbanken and directly translated it means bank of risk. You know you're not popular when you get an unflattering nickname.
Tomorrow, our current central bank governor has his last press conference before he retires. He will then inform exactly how much more he intends to raise the policy rate, even though we have crossed the threshold into recession. As usual, they react instead of act.
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