Swedish c.bank's Thedeen: clear conditions for inflation to fall during 2023

Kitco Media
By Reuters
Published:
Updated:
Reuters
STOCKHOLM, May 9 (Reuters) - Inflation should fall back this year and the pace of rate hikes can slow, but uncertainty is high and policy could change depending on incoming data, the minutes of the central bank's most recent policy meeting showed on Tuesday. The Riksbank raised the policy rate to 3.50% from 3.0% at the meeting. "If the information about Swedish inflation and economic developments points towards increased or prolonged inflationary pressures, I will advocate a higher policy rate than is indicated in our interest rate path," Central Bank Governor Erik Thedeen said in the minutes.
(Reporting by Stockholm Newsroom; editing by Niklas Pollard)

Messaging: simon.c.johnson.reuters.com@reuters.net))
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.