The risk of lowering the policy rate just before the summer is that the Swedish krona is likely to lose further value against the EUR and USD, causing Riksbanken to take the cowardly way out to avoid criticism when the Swede's holiday abroad become significantly more expensive.
6.28.2024
Empty promises
The monetary policy announcement from Sweden's central bank AKA Riksbanken yesterday morning was completely in line with the market's expectations, the policy rate was left unchanged. To soften the blow, Riksbanken "promised" to lower the policy rate 2-3 times later this year. A promise as set in stone as the meteorologist's weather report for next week.
Subscribe to:
Post Comments (Atom)
Never make politics out of investments, part 2
Another investor who includes political values. In an interview with the online newspaper Affaersvaerlden , Per H Boerjesson, CEO of Invest...
-
I hoped that even today I could wake up to notifications that money had been entered into my account. But no. I'd rather sleep like Scro...
-
The people, exclusively mothers, that I have talked to about the sadness of the world's most perfect teenager prioritizing friends over ...
-
The dollar is very strong compared to the Swedish krona. The strong US dollar both worries and affects me. The strong dollar worries me abou...
No comments:
Post a Comment