Riksbank Minutes (Mar):

Jansson "I feel that uncertainty is currently so elevated that I actually find it difficult to identify a clear main scenario among all the possible development paths ahead" "Since our January meeting, we have received two new inflation outcomes, for January and February, and these have only reinforced the picture of Swedish inflationary pressures becoming lower. " "Much of my concern about problematically low inflationary pressures has so far been linked to the recent strong appreciation of the krona." "For now, everyone agrees that a wait-and-see approach is the best strategy." "...have a relatively favourable starting position in that inflationary pressures have now fallen to a low level and the economic recovery already gained traction last year. The fact that we have also lowered the policy rate to what we believe is a mildly expansionary level is also an advantage. This allows us to adjust monetary policy promptly, if necessary, to make it either more expansionary or contractionary."