Minutes of the Monetary Policy Meeting held on 27 April 2022
The Riksbank needs to conduct monetary policy to counteract the high inflation becoming entrenched in price- and wage-setting, and ensure that inflation returns to the target after a time. At its monetary policy meeting on 27 April, the Executive Board of the Riksbank therefore decided to raise the repo rate from zero to 0.25 per cent and to reduce the pace of the Riksbank’s asset purchases during the second half of this year so that the holdings decline.The global economy is still affected by the major shock caused by the pandemic and on top of this come the consequences of Russia’s