1. Swedish Core Inflation Stays Put as Riksbank Prepares Easing.
- Author
-
Rolander, Niclas
- Subjects
ENERGY industries ,PRICE increases ,UNEMPLOYMENT ,GOVERNORS ,CENTRAL banking industry ,COST ,PRICE inflation - Abstract
Sweden's core inflation rate remained steady at 2.2% in August, in line with economists' expectations. This could increase the likelihood of the Riksbank, Sweden's central bank, continuing with plans to ease monetary policy. The Riksbank is considering cutting its benchmark rate by two or three quarter-point moves in the remaining meetings this year, in response to rising unemployment and a sluggish economy. The government has declared victory in the fight against inflation and plans to increase spending. The Riksbank will monitor underlying measures to ensure stability around its 2% inflation target. [Extracted from the article]
- Published
- 2024