Swedish c.bankers split over rates ahead of Feb 2023 decision [Reuters]
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Source: Reuters
STOCKHOLM, Dec 5 (Reuters) - Sweden's rate-setters are increasingly divided over how much the policy rate will need to rise in the coming months after a three-quarter percentage point hike at end-November, the minutes of the Riksbank's most recent policy meeting showed on Monday. The central bank has jacked up rates to from 0% in February after a surge in prices far greater than it had anticipated. However, there are now hopes that inflation is close to its peak. Several rate setters said that rate hikes could soon end, which would be in line with the Riksbank's forecast that the policy rate will peak at just below 3% next year. "The new phase in the monetary policy strategy reflects our belief and hope that we are close to a level for the policy rate that will not need to be that much higher," Deputy Governor Per Jansson said. He was supported by deputy governors Anna Breman and Martin Floden. However, other rate setters took a different tack. Deputy Governor Henry Ohlsson
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