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Thedéen Offers Little New; Jansson Maintains Dovish Stance

RIKSBANK

Riksbank Governor Thedéen's speech does not give much away regarding the future policy outlook. "inflation can continue to fall without our raising the interest rate further."

  • SEK was broadly unaffected by Thedéen's comments, and remains mixed against the G10 on the day.
  • Otherwise, the speech presents a backward looking discussion on the demand/supply side shocks that have impacted the Swedish economy, noting that both types of shock played a role in the rise in inflation.
  • Earlier this morning, Jansson reiterated his dovish stance, noting that faster rate cuts may be possible, if supported by the data.

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