Swedish $290 Million Hedge Fund Bets on Shift in Riksbank Policy
- Ambrosia says Riksbank may focus on household debt again
- Says shift in policy could trigger move in long real rates
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Swedish hedge-fund Ambrosia is positioning itself for a possible shift in Riksbank policy that could see the central bank abandon its sole focus on inflation as soon as the current round of wage talks is over.
Fund manager Torbjorn Olofsson says the outcome of salary negotiations affecting more than 2 million Swedes will be “some kind of graduation day” for the Riksbank. That’s because it has “invested so much” in trying to boost inflation expectations in order to lift wages, he said in an interview in Stockholm.