STOCKHOLM (Reuters) – Swedish rate-setters were split over how fast to start tightening monetary policy at the most recent policy meeting, the minutes published on Monday showed, with discussions overshadowed by a leap in underlying price pressure after the decision was taken.
The board was split 3 to 3 a the February meeting, with Governor Ingves casting the deciding vote in favour of broadly sticking to policy.
“In my view, there are at present no reasons to be in a hurry to phase out the monetary policy measures taken in recent years,” Ingves said in the minutes.
After the meeting, figures show underlying inflation in January surged well past the 2% target.
(Reporting by Stockholm Newsroom, editing by Niklas Pollard)
