November 27, 2024 07:34 GMT
RIKSBANK: Jansson Highlights Concerns Around the Weaker SEK Again
RIKSBANK
Riksbank Deputy Governor Jansson's speech summary: "Reassuring inflationary pressures but uncertainty abroad”. Jansson once again highlights concerns around the weaker SEK – as he did in the November meeting minutes. Other highlights broadly in line with the Riksbank’s central guidance/communication. Link here.
- “In addition to the considerable uncertainty created by the geopolitical situation, I am rather concerned about the weakness of the krona exchange rate. News about the US economy seem to have been the main driver of this development”.
- “If the trend of a weaker krona continues, it will sooner or later affect inflation and thus monetary policy."
- “If the outlook for inflation and economic activity remains the same, the policy rate can be cut again in December and during the first half of 2025, in line with what we communicated in September.
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