The Riksbank has decided to keep the policy rate unchanged at 1.75%, citing mixed economic indicators. Inflation and growth have exceeded June’s forecasts, though underlying inflation risks remain due to supply disruptions in the Middle East. However, price plans by businesses have softened, global supply chain disruptions have eased, and labor market conditions have been slightly weaker than expected. The bank assesses that overall outlook remains stable, with a continued probability of rate hikes later this year. Should summer inflation signal a broader trend, the Riksbank will adjust policy to tighten monetary conditions. Uncertainties persist, including ongoing conflicts and other risks affecting inflation and growth prospects. The decision takes effect August 26, with a press conference scheduled for August 20 at 11:00.
Source: Sveriges Riksbank.
Data reproduced from https://www.riksbank.se/ (open data).
Open data, freely available.
Made by AI. If you spot anything of concern write us at contact@cybach.com. We’ll promptly correct irregularities.