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RIKSBANK: Seim Re-iterates Cautious Sentiment From Jan Minutes

RIKSBANK

Little to note from Riksbank Deputy Governor Seim, whose speech summary is very concise and re-iterates her cautious sentiment from the January meeting minutes. Seim appears content with the current level of interest rates for now. 

  •  The interest rate is now at a level that appears consistent with inflation at target level in the short and long term, and that makes monetary policy well positioned to manage future challenges”.
  • “This is true regardless of whether domestic consumption and GDP growth turn out to be weaker than expected, or whether the tense global situation leads to supply shocks that create inflationary impulses in the Swedish economy”.
  • “If the outlook for inflation and economic activity changes, we are, as always, prepared to adjust monetary policy”.
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Little to note from Riksbank Deputy Governor Seim, whose speech summary is very concise and re-iterates her cautious sentiment from the January meeting minutes. Seim appears content with the current level of interest rates for now. 

  •  The interest rate is now at a level that appears consistent with inflation at target level in the short and long term, and that makes monetary policy well positioned to manage future challenges”.
  • “This is true regardless of whether domestic consumption and GDP growth turn out to be weaker than expected, or whether the tense global situation leads to supply shocks that create inflationary impulses in the Swedish economy”.
  • “If the outlook for inflation and economic activity changes, we are, as always, prepared to adjust monetary policy”.