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Sweden’s Riksbank has added another SKr65bn to its quantitative easing programme and pushed forward its prediction for when it will raise rates. But, says FT investment editor James Mackintosh, it can’t quite get to its inflation target.
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I am heavily distracted by his amazing voice.
It’s bad cause quantitative easing means printing money which in turn leads to currency devaluation and inflation. That’s a good thing when you face currency appreciation that hurts your exports and deflation that hurts local consumption. In this cause quantitative easing has failed to deliver.
I don’t really understand, Is this good or bad for Sweden?