9.20.2023

The monetary policy announcements are pouring in

Today, the US central bank AKA the Fed will release a new interest rate statement. The expectation is that the Fed will leave the interest rates unchanged and analysts predict a calm in the interest rate market for the rest of the year. However, there are factors that can cause concern on the stock market and one of them is rising energy prices.

Sweden's central bank AKA Riksbanken is to release its next monetary policy statement tomorrow. Because Riksbanken reacts instead of acting, we are at the end of the chain and will most likely have the Swedish key interest rate raised by 25 basis points.

More and more and even highly respected actors are now joining the criticism against Riksbanken's handling of domestic monetary policy, both the current and the previous one. Personally, I have been critical of Riksbanken's actions for several years.

The expectations for those who are supposed to be the best Sweden has when it comes to monetary policy are higher than that they just carry on as before instead act proactively.

Riksbanken's name literally means Bank of the Kingdom, but has been given the unattractive nickname Riskbanken, which means Bank of Risks.

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