Sveriges Riksbank Inflation Report, No. 2, 2005

Sweden's central bank, the Sveriges Riksbank, published its Second Inflation Report for 2005 on 21 June. The bank also announced it had decided to lower the repo rate from 2 per cent to 1.50 per cent. It said over the coming years UND1X inflation is expected to be clearly below the 2 per cent inflation target.

Most indications now are that the signs of weakness noted in the United States at the beginning of the year were temporary. However, there are still clear indications in the euro area of a

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