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Policy Report Flags Inflation Risks, Signals Steeper Rate Path

RIKSBANK

Riksbank monetary policy report found here: https://www.riksbank.se/en-gb/press-and-published/...


Policy report highlights:

  • Prices for goods, food and services have been rising considerably faster than expected since the start of the year
  • Policy rate will be close to 2 per cent at the start of next year
  • Asset holdings shall shrink faster than was decided in April
  • During the second half of the year, the Riksbank will purchase bonds for SEK 18.5 billion instead of the earlier decided SEK 37 billion
  • Inflation is expected to fall back next year and be close to 2 per cent from 2024.
New policy rate path:

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