MNI BRIEF: Riksbank Minutes Show Jansson Saw Case For Cut

Riksbank Deputy Governor Per Jansson saw the case for a rate cut at the January meeting the minutes showed. 

Jansson, one of the four voting members of the Riksbank's Executive Board, said underlying measures showed a consistent picture of below target inflationary pressures and the appreciation of the krona, which started in early 2025, appeared to be a key factor driving inflation down, although he voted for unchanged policy.

The minutes showed first Deputy Governor Anna Seim, previously seen at the hawkish end of the spectrum, noted that the disinflationary effects of krona strength had been stronger than normal. Deputy Governor Aino Bunge said that as near-term inflationary pressures were lower due to the krona the clear pick up in economic activity was needed to get inflation to target.

Governor Erik Thedeen also noted the disinflationary effects of krona strength but said that the RIksbank's most recent forecast, showing the policy rate has troughed, held and that the risks were "well balanced". (See MNI INTERVIEW: Not Clear Krona Undervalued - Riksbank Head )