Sweden To Join Northern Hikers – Policy Error?
(2 min read)
The divergence of monetary policy in Norway, Canada, and now possibly Sweden from that of the rest of the world over the last twelve months is stark. While almost every other central bank has turned dovish, the Norges bank has hiked four times since September last year while the Bank of Canada has hiked five times since mid-2017. And the Riskbank in its October meeting pretty much guaranteed a hike at its 19 December meeting. Looking strictly at economic activity, it’s questionable whether these hikes are warranted.
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