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- BoE press conference audio feed hacked
- Some City traders got crucial head start on Carney comments
- Bank sets interest rates at noon
- Try the Guardian Business Christmas Quiz!
Sweden’s interest rate rise is a small but significant milestone as central bankers try to extricate themselves from a decade of loose monetary policy.
Significantly, the Riksbank is ending negative interest rates while still continuing its asset-purchase programme (buying bonds with new money to stimulate growth).
Riksbank hike rates to 0% to end period of sub-zero rates while maintaining government bond purchases – different to the ECB that sees the APP as the marginal policy tool when tightening. RB seem negative consequences of sub-zero rates too detrimental to maintain the current 
stance, and with the latest inflation reports suggesting CPIF is returning to the 2% target they have decided to strike now. Notable dissent on the decision from Deputies Breman and Jansson – former suggested the hike to come in H1 2020. 
Forward guidance of the repo rate suggests 0% is here to stay over the coming years, however. Risks remain in the current global climate for another cut but the nature of this hike suggests the threshold to re-enter negative territory is much higher than previous. 
Newsflash: Sweden’s central bank has raised interest rates, to the heady heights of ZERO!
I see the Riksbank have gone back to 0% interest rates as expected. Sensible.
Pacing through their presentation I see the below chart covers most of the potential future outcomes out there!!