Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland
Advertisement

Swedish Riksbank reiterates further rate hikes

Share this article

12:34 CET+01:00
The Riksbank's deputy governor Irma Rosenberg said that since both the demand and supply sides of the Swedish economy are growing, it sees inflation being held back in the future, but reiterated that the central bank 'envisages' further rate increases.

"Productivity growth is strong and one cannot rule out the possibility that the growth in the labour force will be higher over the coming years than we have previously assumed, partly due to the government's proposals for tax and labour market policy reforms.

"Moreover, the oil price has fallen. It therefore appears as though inflation will remain subdued," Rosenberg said.

"All in all, I therefore see no reason today to proceed more quickly with

the interest rate increases than the markets were expecting (in) the weeks

prior to the monetary policy meeting in December," she added.

Get notified about breaking news on The Local

Share this article

Advertisement

From our sponsors

The power of cooperation: the secret to Swedish success?

Is the Swedish approach to leadership really as special as people think? The Local asks a non-Swedish manager at telecom giant Ericsson for a frank appraisal of Swedes' so-called 'lagom' leadership style.

Advertisement
Advertisement
Jobs
Click here to start your job search
Advertisement
Advertisement

Popular articles

Advertisement
Advertisement