Heikensten lowers rate cut expectations
The Local Sweden - [email protected]
Published: 26 Jan, 2005 CET.
Updated: Wed 26 Jan 2005 17:30 CET
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
Supplied by BECK TRANSLATIONS.
With an experienced team of in-house translators, Beck specialises in translating from Swedish into English in such areas as finance and economics, marketing and advertising, biotechnology, the environment, quality, and personnel & administration.
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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
Supplied by BECK TRANSLATIONS.
With an experienced team of in-house translators, Beck specialises in translating from Swedish into English in such areas as finance and economics, marketing and advertising, biotechnology, the environment, quality, and personnel & administration.
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