Monetary Policy Report, February 2020

The strong economic activity in Sweden has slowed and become more balanced. Both the global and the Swedish economies have developed in line with the Riksbank’s forecasts in December and the prospects for inflation and economic activity are largely unchanged. Although falling energy prices are expected to dampen inflation this year, it is the Riksbank’s assessment that it will thereafter be close to the target of 2 per cent. The Executive Board has therefore decided to hold the repo rate unchanged at zero per cent. The forecast for the repo rate is the same as in December. The repo rate is expected to remain at zero per cent during almost the entire forecast period, which will contribute to good economic development and close-to-target inflation.

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Updated 21/02/2020