Deputy Governor Göran Hjelm, one of five members of the Swedish Central Bank’s Executive Board, sees "a likelihood of an interest rate increase during the year," according to a press release from the Swedish Central Bank.
BusinessA unanimous board of directors left the Swedish Central Bank's policy rate unchanged last week. But the meeting minutes indicate that an increase is near.
BusinessGöran Hjelm, head of the Fiscal Policy Council, has been appointed a new member of the Swedish Central Bank's Executive Board. The announcement comes as a surprise to economists, as he is not particularly well-known. "It was not what I had expected," said SEB's chief economist Jens Magnusson.
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