Minutes of the Executive Board’s monetary policy meeting on 15 December 2009
The recovery in the economy is continuing and inflationary pressure will be low in the coming period. To attain the inflation target of 2 per cent and to support the economic recovery, the Executive Board of the Riksbank decided at the monetary policy meeting held on 15 December to hold the repo rate unchanged at 0.25 per cent. The forecast for the repo rate was also held unchanged. Deputy Governor Lars E.O. Svensson entered a reservation against the decision and advocated cutting the repo rate to 0 per cent and a repo rate path 0.25 per cent below that in the main scenario until the end of