Archive

August 20, 2024
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Sweden Policy Rate 3.5% (consensus 3.5%) in Aug-24

  • The Riksbank cut the policy rate by 25 basis points to 3.5%, consistent with the economic consensus, reflecting confidence in stable inflation trends and the need to support weak economic activity.
  • Future rate cuts are likely, with two or three additional cuts possible this year, contingent on the inflation outlook remaining favourable and economic conditions stabilizing.
  • The Riksbank emphasizes a cautious, data-driven approach to monetary policy, recognizing external risks such as geopolitical tensions and global economic uncertainty that could influence future rate decisions.

June 27, 2024
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Sweden Policy Rate 3.75% (consensus 3.75%) in Jun-24

  • The Riksbank maintained the policy rate at 3.75%, consistent with the consensus, reflecting confidence in favourable inflation trends and a cautious approach to monetary easing.
  • Future rate cuts, potentially two or three in the year's second half, are contingent on sustained disinflationary developments and economic stability.
  • The decision balances the need for inflation control with recognising weaker economic activity and external risks, ensuring a flexible and data-driven monetary policy approach.

June 19, 2024
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Sweden Unemployment Rate 8.7% in May-24

- Sweden's unemployment rate decreased to 8.7% in May 2024, marking the lowest level since February 2024 but still remaining above historical averages.
- Despite a slight improvement in unemployment, mixed economic indicators indicate ongoing pressures in the labour market and economy overall.


June 14, 2024
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Sweden CPI Inflation 3.7% y-o-y (consensus 3.5%) in May-24

- Sweden's CPI inflation rate of 3.7% y-o-y in May 2024, down from 3.9% previously, suggests a cooling trend, significantly below the 1-year average yet 0.2pp above the consensus.
- The relatively subdued CPIF inflation rate of 2.3% y-o-y and modest increases in PPI and household lending indicate stabilizing input costs, signalling a cautious economic outlook.