Riksbank Releases Jun Minutes
Sweden's central bank releases June meeting minutes at 07:30 GMT
On Jun 17th Sweden Central Bank (Riksbank) left the Repo Rate at 1.75% (as expected) for its 6th straight pause under the current easing cycle Statement: - Probability that the Key Rate to be raised in 2026 has increased - Range of outcomes for what might happen was large, Staff Forecasts: Inflation: Core Inflation: - Cut 2026 CPIF from 1.5% to 1.1% - Raised 2027 CPIF from 1.3% to 1.7% - Raised 2028 CPIF from 2.7% to 2.8% Headline Inflation: - Cut 2026 Avg CPI from 0.8% to 0.6% - Raised 2027 Avg CPI from 2.0% to 2.7% - Raised 2028 Avg CPI from 3.5% to 3.4% Growth - Cut 2026 GDP growth from 2.5% to 2.2% - Cut 2027 GDP growth from 2.6% to 2.3% - Raised 2028 GDP growth from 1.3% to 1.4% Rate Path - Maintained 2026 Avg Repo Rate at 1.8% - Maintained 2027 Avg Repo Rate at 1.9% - Maintained 2028 Avg Repo Rate at 2.1%