STOCKHOLM (Reuters) – Sweden’s central financial institution held its key price unchanged at 4.00% on Wednesday as anticipated and mentioned that inflation pressures had now eased sufficient for the coverage price to be minimize within the coming months.
“It’s probably that the coverage price will be minimize in Might or June if inflation prospects stay beneficial,” the central financial institution mentioned in an announcement.
After two years of speedy price hikes, headline inflation is now near the central financial institution’s 2% goal after peaking at over 10%.
In the meantime, progress in giant elements of the economic system has floor to a halt and plenty of households are scuffling with mortgage funds at their highest stage for greater than 15 years.
In February, the Riksbank mentioned charges had peaked and that it is perhaps attainable to ease coverage within the first half of the yr.
Analysts in a Reuters ballot had forecast no change in charges on the March assembly and for the central financial institution to flag a minimize in Might or June – the primary of a number of seen this yr.
The Riksbank pronounces its subsequent financial coverage resolution on Might 8.
