Jansson Reiterates November Meeting Minutes Comments

The summary of Dep. Gov. Jansson's speech at Handelsbanken is in line with his commentary in the November policy meeting minutes.

• Despite this, SEK has weakened very slightly following the comments, leaving EURSEK up 0.35% today and NOKSEK up 0.5% - the latter also supported by a recovery in Brent prices.
• Jansson was previously viewed as one of the more hawkish members of the Executive Board, but in the latest decision noted his view "view of the situation has changed considerably".
• He states that inflation outcomes "clearly indicate that inflationary pressures are now easing", supported by company price plans and PPI dynamics. Additionally, the weaker Swedish economy and stronger SEK support the decision to not raise the policy rate further.
• In line with the latest rate path, he stresses the Riksbank "are fully prepared to do more if it proves necessary" (again, not a new addition to recent Riksbank communique).