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Heikensten lowers rate cut expectations

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17:30 CET+01:00
Although inflation is lower than expected, Riksbank governor Lars Heikensten has toned down market expectations that the central bank will lower interest rates in the near future.

In a speech given in Sala late last week the Riksbank governor pointed to a number of factors that could affect monetary policy; namely a strong economic upswing, households' rapidly growing debt burden and the fact that low inflation is largely due to weak growth in prices on imported goods. These three factors suggest that a cut in interest rates is unlikely.

Sources: Dagens Nyheter, Svenska Dagbladet, Dagens Industri


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