Monetary Policy Update Adds Little Notable Colour to February Decision

The Riksbank's Monetary Policy Update, which will be released with each non-MPR decision is a 10-page document summarising the Riksbank's views on economic activity.

• Only 4-pages contain economic commentary (which includes a copy of the policy statement), with charts making up the rest of the file.
• We would liken the commentary to the prepared remarks that ECB President Lagarde reads out at the beginning of ECB press conferences.
• From a first glance, the Riksbank has essentially condensed the key sections of the MPR into single-paragraph summaries. Most of the commentary adds little additional insight into the Riksbank's views around certain topics, though we note that ongoing tensions in the Red Sea have been cited as a an inflation risk "if more tangible and sustained supply disruptions were to arise".
• Additionally, an interesting note on NIER business pricing plans: "According to the NIER Economic Tendency Survey, companies’ pricing plans have also come down and are assessed to be in line with price increases of 2 per cent".
• The link to this month's Monetary Policy Update can be found here.