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RIKSBANK: Breman Strikes Similar Tone To November Meeting Minutes

RIKSBANK
Central Bank NewsSwedenCEEMEA RiksbankBulletMarketsFixed Income BulletsForeign Exchange Bullets

Key excerpts from Riksbank First Deputy Governor Breman's speech at Varberg's savings bank below. Very much in line with her comments in the November meeting minutes last week.

  • "It is important that the Swedish economy recovers soon because it creates resilience in a troubled environment and contributes to continued low and stable inflation in Sweden"
  • "Trade barriers usually lead to higher inflation and poorer growth for small export-dependent countries. But the effects on inflation are complex and we will need to analyze trade policy and its effects on an ongoing basis"
  • On the October inflation outcome (where CPIF ex-energy was 3 tenths higher than expected):
    • (1) "the outcome confirms the recent months' trend of rising food prices. This is important to follow, not least when a weak krona risks pushing up the price of imported food".
    • (2) "Overall, however, my assessment is that inflation is close to the target and the new inflation results do not change the picture that inflation will also be low and stable in the long term"
  • "If the inflation and economic outlook holds, I see ahead of me that the policy rate can continue to be lowered at the next monetary policy meeting in December and during the first half of 2025"
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Key excerpts from Riksbank First Deputy Governor Breman's speech at Varberg's savings bank below. Very much in line with her comments in the November meeting minutes last week.

  • "It is important that the Swedish economy recovers soon because it creates resilience in a troubled environment and contributes to continued low and stable inflation in Sweden"
  • "Trade barriers usually lead to higher inflation and poorer growth for small export-dependent countries. But the effects on inflation are complex and we will need to analyze trade policy and its effects on an ongoing basis"
  • On the October inflation outcome (where CPIF ex-energy was 3 tenths higher than expected):
    • (1) "the outcome confirms the recent months' trend of rising food prices. This is important to follow, not least when a weak krona risks pushing up the price of imported food".
    • (2) "Overall, however, my assessment is that inflation is close to the target and the new inflation results do not change the picture that inflation will also be low and stable in the long term"
  • "If the inflation and economic outlook holds, I see ahead of me that the policy rate can continue to be lowered at the next monetary policy meeting in December and during the first half of 2025"