Monetary policy decision 8 October 2008. The financial crisis may worsen Reinforces the ongoing economic downturn Resulting in lower inflationary pressures.

Slides:

Advertisements

Similar presentations

Monetary Policy Report February Upturn on more solid ground.

Advertisements

MPU 2010: Figure 01. Repo rate with uncertainty bands Per cent, quarterly averages Source: The Riksbank Note. The uncertainty bands for the repo.

Monetary policy and financial stability Counteracting the effects of the global financial crisis Riksdag Committee on Finance, 13 November 2008 Governor.

Interest Rates, ECB and Financial Markets Presented by: Paul McDaid Dominic King Iarla Davoren Conor O’Brien.

Half-yearly Indonesia Economic Update and Outlook William E. Wallace Lead Economist, World Bank Indonesia 10 December 2008.

Financial Stability November The Swedish financial system has been tangibly affected by the global financial crisis Authority measures are now a.

Introduction on monetary policy Riksdag Committee on Finance 26 February 2009 Riksbank Governor Stefan Ingves.

 Slide 1 | The UK Economic Outlook Neil Ashbridge, Deputy Agent, Bank of England, North West Agency.

Monetary Policy Update April Lower repo rate necessary to subdue the fall in production and employment and to attain the inflation target of two.

The current economic situation Jönköping March 2009 Deputy Governor Svante Öberg.

Governor Stefan Ingves Introduction on monetary policy Riksdag Committee on Finance 18 September 2012.

COUNCIL of MORTGAGE LENDERS 1 UK housing and mortgage market outlook Jim Cunningham Senior Economist

Monetary Policy Update December Repo rate cut to 2 per cent Repo rate expected to remain at same level during 2009 A large interest rate cut is.

Evaluation of Norges Bank’s projections for 2008 By Bjørn E. Naug Charts from the article in Economic Bulletin 1/09.

MPR July Figure Growth in the world and in Sweden Annual percentage change, seasonally adjusted data Sources: IMF, Statistics Sweden and.

Riksbank Governor Stefan Ingves Introduction on monetary policy Riksdag Committee on Finance 23 February 2012.

Monetary Policy Report July Unease in Europe casts a shadow over the Swedish economy.

Material for assessing monetary policy

The economic situation KOMMEK August Deputy Governor Svante Öberg.

Monetary Policy Report July Figure 1.1. GDP in different regions Annual percentage change Sources: Bureau of Economic Analysis, Eurostat and the.

Monetary Policy Update September Figure 1. Repo rate with uncertainty bands Per cent, quarterly averages Source: The Riksbank Note. The uncertainty.

MPU April Figure 1. Repo rate with uncertainty bands Per cent, quarterly averages Source: The Riksbank Note. The uncertainty interval does not take.

MPU September Figures Figure 1. Repo rate with uncertainty bands Per cent, quarterly averages Source: The Riksbank Note. The uncertainty.

PPR 2008: Figure 1. Repo rate with uncertainty bonds Per cent, quarterly averages Source: The Riksbank.

MPR October Figure 1.1. Repo rate Per cent, quarterly averages Source: The Riksbank Note. Broken lines represent the Riksbank’s forecast.

MPR 2009 February Figure 1. Repo rate with uncertainty bands Per cent, quarterly averages Source: The Riksbank.

Norges Bank 1 Executive Board meeting 26 May 2004.

Monetary Policy Update April Lower repo rate necessary to subdue the fall in production and employment and to attain the inflation target of two.

Deputy Governor Martin Flodén Monetary policy considerations in unusual times SEB, Västerås 7 October 2015.

MPR 2008: Repo rate with uncertainty bands Per cent, quarterly averages Source: The Riksbank.

Monetary Policy Update April Figure 1. Repo rate with uncertainty bands Per cent, quarterly averages Source: The Riksbank Note. The uncertainty.

1 Wolfgang Modery Directorate Monetary Policy The ECB’s monetary policy at times of crisis Visit of Representatives of the Swedish Industry Frankfurt am.

MPR 2008: Figure 1. Repo rate with uncertainty bands Per cent, quarterly averages Source: The Riksbank.

MPR February Figure 1.1. Repo rate Per cent, quarterly averages Source: The Riksbank Note. The uncertainty band does not take into account the.

Economic and Social Update November 2007 William E. Wallace, Lead Economist World Bank, Indonesia November 2007.

Monetary Policy Report October GDP growth in Sweden and the world Annual percentage change, seasonally-adjusted data Sources: The IMF, Statistics.

Monetary policy meeting September Swedish economy developing strongly Cost pressures increasing Financial unrest creates uncertainty View of future.

Monetary Policy Report October The recovery will take time.

Governor Stefan Ingves Introduction on monetary policy Riksdag Committee on Finance 3 March 2011.

Monetary Policy Report October Low repo rate stimulates the Swedish economy.

Monetary Policy Report July Deep economic downturn Repo rate cut to 0.25 per cent Low repo rate over a long time Inflation close to target Signs.

Monetary policy decision October The repo rate is raised by 0.25 percentage points to 4 per cent The interest rate will need to be raised slightly.

Monetary policy update April The Swedish economy remains strong.

Monetary Policy Update 2008:2. Repo rate raised to 4.75 per cent Repo rate will remain at same level during the year It may be necessary to reduce the.

Monetary policy report July Swedish economy developing strongly.

Monetary Policy Update 2008:1 23 April Repo rate held unchanged at 4.25 per cent. The repo rate is expected to remain unchanged during the remainder.

MPU 2011 April 20 April Figure 1. Repo rate with uncertainty bands Per cent, quarterly averages Source: The Riksbank Note. The uncertainty bands.

SA Economic Indicators Report updated:April 2016 Next update:May 2016.

Monetary Policy Report 2008:1

Barbro Wickman-Parak, 3 October 2007

1. The functioning of the financial markets is continuing to improve TED spread, basis points Note. TED spread is calculated as the difference between.

Potential GDP, resource utilisation and monetary policy Grand Hotel, Saltsjöbaden 7 October 2010 First Deputy Governor of the Riksbank Svante Öberg.

Monetary Policy Report February 2011

Monetary Policy Report 2008:3

Monetary Policy Report February 2012

Monetary Policy Report July 2011

Monetary Policy Update December 2011

Monetary Policy Update December 2010

Monetary Policy Update December 2009

Monetary Policy Report 2008:2

The Monetary-Financial Environment

Monetary Policy Update April 2012

Monetary Policy Update September 2011

Monetary Policy Update September 2012

The Riksbank and monetary policy

Presentation transcript:

Monetary policy decision 8 October 2008

The financial crisis may worsen Reinforces the ongoing economic downturn Resulting in lower inflationary pressures

Repo rate cut by 0.5 percentage points Alleviates the consequences of the financial crisis Inflationary pressures beginning to decline Credit crunch over and above the repo rate Joint action reinforces confidence

Spreads continuing to rise Note. Basis spread = Interbank rate – expected policy rate (STINA-rate), 3 months, basis points

Tightening in short-term mortgage rates over and above the effects of monetary policy Note. The difference beween variable mortgage rates and expected policy rate (STINA rate), percentage points

Weakening of Swedish krona Note. TCW index, 18 November 1992=100

GDP and employment forecasts… General economic slowdown Financial crisis Exchange rate Oil and commodity prices..probably need to be revised down

Purchasing managers’ index at lowest level since start in 1994 Note. Manufacturing industry, seasonally-adjusted index and net figures

Clearer signs of weakening in the labour market Note. 1000s, seasonally-adjusted data Probably high in September

Inflation forecast… Weaker economic activity Oil and commodity prices Exchange rate ….will probably be revised down

Lower oil prices (Brent, in USD)

The Economist commodity price index (in USD)

Repo rate cut by 0.5 percentage points Alleviates consequences of the financial crisis Inflationary pressures beginning to decline Credit crunch over and above the repo rate Joint action reinforces confidence