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MNI BRIEF: Riksbank's Jansson Thinks Rates Have Peaked

(MNI) London

Riksbank Deputy Governor Per Jansson sees sufficient evidence to assume the policy rate has peaked.

Riksbank Deputy Governor Per Jansson said inflation pressures were easing and that the evidence was clear enough to justify not hiking the policy rate any further from its current 4.0%.

In a speech at Handelsbanken, Jansson made clear that the tightening cycle in Sweden now appeared to be over, with the latest data suggesting inflation was on the downpath. The target CPIF measure was unchanged at 4.2% in October but in Jansson's view the outlook is for lower inflation ahead.

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Riksbank Deputy Governor Per Jansson said inflation pressures were easing and that the evidence was clear enough to justify not hiking the policy rate any further from its current 4.0%.

In a speech at Handelsbanken, Jansson made clear that the tightening cycle in Sweden now appeared to be over, with the latest data suggesting inflation was on the downpath. The target CPIF measure was unchanged at 4.2% in October but in Jansson's view the outlook is for lower inflation ahead.

Keep reading...Show less