Nordic & Swiss Economics

Nordic & Swiss Watch

4 January, 2018

Twenty-fourth time lucky for the Riksbank?

After bringing its net asset purchases to a close last month, the Riksbank reiterated that it expects to raise interest rates in September this year. The Bank’s track record suggests that this forecast should be taken with a generous pinch of salt; policymakers have pushed back their expectations for interest rate rises twenty three times since the Bank last raised rates in 2011. So will this prove twenty-fourth time lucky for the Riksbank?

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