November 27, 2024 08:07 GMT
MNI BRIEF: Riksbank Dec Cut On If Things Hold - Jansson
Riksbank Deputy Governor Per Jansson on subdued domestic inflation and risks overseas
MNI (LONDON) - There is a greater risk of inflation coming in below rather than above the 2% and the Riksbank can deliver the rate cut signalled for December, with another in the first half of 2025, if things hold, Riksbank Deputy Governor Per Jansson said in a speech to the Southern Swedish Chamber of Commerce.
Jansson expressed concern about economic activity saying that "There are some green shoots, but the recovery is slower than expected" and he said that a pick up was needed to stabilize inflation around target.
While domestic inflation is subdued there are upside risks from krona weakness, due to geopolitcal events and notably dollar strength and this could derail the policy outlook.
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