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Thedéen Strikes Familiar Tones


Thedéen's presentation does not contain much new information. The slides are based on those presented in the September Monetary Policy meeting press conference, but updated with the September data.

  • Slides show that demand in Sweden has been higher than expected and the krona remains historically weak. While wage increases have been moderate in Sweden, there remains uncertainty on the inflation outlook.
  • "The policy rate may need to be raised further"…."new information and how it affects the outlook for the economy and inflation determines the monetary policy stance"
  • He stresses once more that FX hedging is not an "intervention", but risk management.
  • SEK has not seen large moves from current headline flow.

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