Deputy Governor of the Swedish Central Bank Per Jansson sees "a normalization of interest rates in an economy that is gradually improving."
"The forecast revision is not insignificant but not dramatically large either," he says, according to the minutes.
“From an inflation perspective, the combination of rising demand and constraints and shortages on the supply side of the economy is a dangerous phenomenon,” he adds.
At the meeting, the policy rate was left unchanged at 1.75 percent, but the inflation forecast and the Swedish Central Bank's forecast for the policy rate going forward were revised upwards.
According to the Swedish Central Bank's so-called interest rate path, the key interest rate may be raised two or three times, starting before the turn of the year.
