The Swedish Central Bank's decision to keep the interest rate at 2.25 percent is a wise decision, according to Annika Winsth.
We have an interest rate that is reasonably normal at present.
However, the uncertainty is unusually great, with the American trade war making it difficult to assess the economic outlook and thus also inflation.
So, a further interest rate cut, which the Swedish Central Bank leaves open in its statement, should not be counted on, Winsth believes.
I don't think they are opening up for a cut in June, they would have been clearer about it if that were the case, she says.
She does not think that a cut should be expected later this year either.
Olle Holmgren at SEB makes a different analysis. He believes that the Swedish Central Bank is a bit clearer than expected in considering cutting the interest rate ahead.
They say that inflation appears to be able to become lower and that this could speak in favor of a more lenient monetary policy ahead. This is a strong signal that they will probably cut the interest rate, likely already in June, which is in line with the prognosis we published earlier in the week.
