Minutes of the Monetary Policy Meeting held on 29 June 2022
The Riksbank needs to prevent high inflation becoming entrenched in price- and wage-setting, and to ensure that inflation returns to the target. The Executive Board therefore decided at its monetary policy meeting on 29 June to increase the policy rate by 0.5 percentage points to 0.75 per cent and to reduce the Riksbank's asset holdings faster during the second half of the year than what was decided in April.The members observed that inflation has continued to rise rapidly and that price increases were spreading, in a worrying fashion, throughout the economy. A significant factor in this