SwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Central Bank Chief: Opens Up for Further Rate Cuts

The weak inflation trend opens the door for a faster reduction of the interest rate. This is the opinion of Vice Governor of the Central Bank Per Jansson according to the protocol.

» Updated: 04 October 2024, 11:55

» Published: 01 October 2024

Central Bank Chief: Opens Up for Further Rate Cuts
Photo: Magnus Lejhall/TT

At the latest interest rate meeting, the Swedish Central Bank chose to lower the interest rate by 0.25 percentage points, but simultaneously flagged a double-sized reduction in November or December.

This is also a line that Per Jansson, traditionally considered one of the more dovish in the direction, can now see according to the protocol. Per Jansson's opinion is that they "open the door to being able to lower the interest rate a little more and faster than we previously thought". He also notes that the inflation risk has decreased significantly.

"The development speaks in favor of the risks of inflation becoming too high having decreased quite significantly and gives us greater confidence to move forward a bit more decisively with our monetary policy easing", he says.

Riksbank Governor Erik Thedéen simultaneously notes that there is a possibility of a 0.5 percentage point reduction at one of the two remaining meetings.

"Even though we have recently seen that our forecasts have largely been correct, we should be humble; the situation can change quickly", notes Thedéen, however.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Cryptocurrency victory in the US Congress
1 MIN READ

Cryptocurrency victory in the US Congress

ECB Hiker: Can Cut Even if Fed Doesn't Cut
2 MIN READ

ECB Hiker: Can Cut Even if Fed Doesn't Cut

Now Black Week starts – here are five best tips
2 MIN READ

Now Black Week starts – here are five best tips

He still believes in the German Northvolt factory
2 MIN READ

He still believes in the German Northvolt factory

Chinese Cars from Spanish Factory
1 MIN READ

Chinese Cars from Spanish Factory

The Ski Holiday Becomes Increasingly Expensive – "Like a Luxury Trip"
2 MIN READ

The Ski Holiday Becomes Increasingly Expensive – "Like a Luxury Trip"

Nvidia CEO: Don't Close the Borders
1 MIN READ

Nvidia CEO: Don't Close the Borders

Pilot Strike – Finnair Cancels 300 Flights
1 MIN READ

Pilot Strike – Finnair Cancels 300 Flights

Billion-dollar amounts at stake in Northvolt's crisis
2 MIN READ

Billion-dollar amounts at stake in Northvolt's crisis

German industry leader warns of new energy crisis
1 MIN READ

German industry leader warns of new energy crisis

The new ISK tax is decided
3 MIN READ

The new ISK tax is decided

Amazon doubles investment in AI company
1 MIN READ

Amazon doubles investment in AI company

Trump nominates billionaire to finance minister
3 MIN READ

Trump nominates billionaire to finance minister

Cheerful on Wall Street – bitcoin nears dream limit
2 MIN READ

Cheerful on Wall Street – bitcoin nears dream limit

Northvolt to Apply for Swedish Reconstruction as Well
2 MIN READ

Northvolt to Apply for Swedish Reconstruction as Well

Billion Fines for Unreasonable Fees on Air Travel
1 MIN READ

Billion Fines for Unreasonable Fees on Air Travel

Bosch reduces workforce by 5,500
1 MIN READ

Bosch reduces workforce by 5,500

Northvolt's CEO sold shares for hundreds of millions
1 MIN READ

Northvolt's CEO sold shares for hundreds of millions

Clothing Chain Rises on the Stock Exchange After Sales Forecast
1 MIN READ

Clothing Chain Rises on the Stock Exchange After Sales Forecast

Seven disputed taxes that can save the planet
3 MIN READ

Seven disputed taxes that can save the planet