Sweden Inflation Below Target
Sweden Inflation Below Target

Sweden Inflation Below Target

Sweden Inflation Below Target

Sweden’s inflation rate slipped back below the central bank’s target in December, highlighting the fragility that has made the Riksbank reluctant to normalize interest rates despite the country’s strong economy, Yahoo reported. Average consumer prices with a fixed interest rate rose 1.9% in the 12 months to December, down from 2% the previous month. The move was in line with consensus forecasts. On a monthly basis, prices rose 0.4%, up from a 0.2% increase in November, mainly driven by higher costs for international flights, package holidays and food. Sweden’s central bank has remained wary of signaling an end to crisis-era stimulus policies, even as peers such as the European Central Bank and Bank of Japan grow more confident. The Riksbank currently plans to start “slowly” lifting interest rates from a record low minus 0.5% around the middle of this year, but the minutes of the central bank’s latest policy meeting showed growing divisions within the executive board over how far Sweden can go if rates haven’t yet started rising in the eurozone.

Short URL : https://goo.gl/bbtZKV
  1. https://goo.gl/aZ4QTY
  • https://goo.gl/cmK74M
  • https://goo.gl/A5ekoS
  • https://goo.gl/2HULMR
  • https://goo.gl/z4wgWQ

You can also read ...

Cyber threats are ever-evolving.
The White House released a report that found that the economic...
Global Investors Target Zimbabwe Energy Sector
Zimbabwe has become a magnet for billionaire global firms such...
BSP said the planned RRR cuts are part of the bank’s financial market reforms.
The Bangko Sentral ng Pilipinas said it was reducing banks’...
FAO regional representative Julio Berdegue (R), and the deputy regional representative Eve Crowley.
Identifying territories where rural poverty is most entrenched...
Lagarde Backs Creation of European Monetary Fund
International Monetary Fund chief Christine Lagarde has no...
Asean Labor Flows Hit a Wall
Tighter restrictions on foreign labor in Malaysia and Thailand...
The country’s GDP grew by 3.2% in 2017 but will  edge down in the coming years.
A report by the International Monetary Fund showed Sunday that...
Baby-boomers will start turning 75 or older in 2022, which is expected to trigger a surge in health care and nursing care costs.
Amid stalling inflation and ballooning government spending,...

Add new comment

Read our comment policy before posting your viewpoints