The Riksbank elected to cut its policy rate from minus 0.35pc to minus 0.5pc on Thursday.

Telegraph: Sweden takes negative interest rates even lower as Riksbank fights to keep up with global stimulus

So, Sweden is actually working hard to keep consumer prices high. Who again do they work for?! Maybe countries with strong currencies should attempt to build stuff for local people and sell it to them if they are allowed to become more wealthy with a stronger currency? Regardless, this is a #longtermdeflationarytrend - and no amount of monetary policy will change it, so just deal with stronger currency, which has pro's and cons and is not all bad.

Posted by libertas @ 11:49 AM 4 Comments

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