With the rest of the world watching, the Swedish Riksbank is expected to raise its benchmark repo rate from minus 0.25 percent to zero on Thursday, ending half a decade of negative rates.
The policy lasted “far too long,” says Richard Grottheim, the chief executive of AP7, which oversees more than EUR 45bn in assets from Stockholm. Getting back to zero “will make it easier for us to invest short term, where the No. 1 risk no longer will be that the nominal value of cash gets eroded.”
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