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Riksbank holds first policy meeting outside Stockholm, maintains rates

EditorNikhilesh Pawar
Published 11/24/2023, 01:42 AM

JÖNKÖPING - In a historic departure from tradition, Sweden's central bank, the Riksbank, conducted its monetary policy meeting at Jönköping University, opting for a setting outside of its usual Stockholm venue. The event, which took place today under the leadership of Governor Erik Thedéen, marked the first time in modern history that such a session has been held beyond the capital's confines.

The choice of Jönköping University Library as the host site was not just for its operational readiness but also for its symbolic significance. Mattias Lorentzi praised the venue's industrial heritage and its ongoing contribution to knowledge sharing, highlighting the renovated JMW hall that accommodates lectures and events.

Despite facing some technical challenges, the meeting concluded positively, with Governor Thedéen and the attending members successfully deliberating on Sweden's monetary stance. The press conference that followed saw Thedéen fielding numerous questions from journalists, an interaction captured by photographer Fredrik Weibull.

In his address, Thedéen announced the decision to maintain the current interest rates, a key policy stance eagerly awaited by markets and analysts. The success of this off-site meeting could potentially pave the way for future Riksbank gatherings to be held in various locations across the country, broadening the central bank's engagement with different communities.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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