"Riksbanken", The Swedish Central Bank, founded in 1668, is the world's oldest central bank and an authority under the Swedish parliament. The bank's main tasks include conducting monetary policy to maintain low and stable inflation, as well as promoting a safe and efficient payment system.
Source: Sveriges Riksbank
The Swedish economy is slowing, new GDP figures from Statistics Sweden show. I still interpret it as good figures. Sweden is in a recession, but in a recovery phase, says Alexandra Stråberg, chief economist at Länsförsäkringar, to TT.
BusinessThe European Central Bank (ECB) will release its interest rate decision on Thursday. High energy prices in the euro area are putting heavy pressure on the bank, while the Swedish Riksbank is in a significantly calmer position.
BusinessThe International Monetary Fund (IMF) sees downside risks to growth and a risk of higher inflation in Sweden, according to a so-called Article IV report on the country's economy. Interest rates may need to be raised, according to the IMF.
BusinessInflation, according to the CPIF measure, fell to 1.3 percent in June, according to a second calculation by Statistics Sweden (SCB). This compares with 1.5 percent in May.
BusinessInflation concerns due to higher energy prices are fueling expectations of interest rate hikes. Market participants now expect a 100 percent chance that the Swedish Central Bank will raise the key interest rate this year - and follow up with two more increases thereafter.
BusinessInflation expectations are rising marginally one year ahead among money market participants, according to Origo Group.
BusinessInflation in Germany fell to 2.4 percent in June, down from 2.7 percent in May, according to a second estimate.
BusinessInflation according to the CPIF measure fell to 1.3 percent in June, according to a preliminary calculation by Statistics Sweden (SCB). A small decline, but not enough to affect mortgage rates, according to experts.
BusinessMore in The Swedish Central Bank
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