STOCKHOLM (Reuters) -Information since the latest monetary policy decision does not deviate substantially from the view the Riksbank had earlier this month, Swedish Central Bank Governor Erik Thedeen said on Thursday.
“We have somewhat elevated inflation but we expect it to come down during the course of the year,” Thedeen told Reuters on the sideline of a conference.
“The April inflation figures confirmed that view,” he said.
Consumer prices in Sweden, measured with a fixed interest rate, were up 2.3 percent in April from the same month last year, data showed last week. The Riksbank targets 2% inflation.
The Riksbank held its policy rate at 2.25% this month but said a combination of lower growth and easing inflationary pressure might lead them to cut rates later this year.
Thedeen also said that the financial systems have handled turbulence related to trade tariffs well.
(Reporting by Johan Ahlander, editing by Anna Ringstrom and Niklas Pollard)
Comments