Inflation in Sweden rises to 1.9%
Analysts say stable core inflation means Riksbank is unlikely to tighten policy
Inflation in Sweden rose strongly in March to 1.9%, close to Sveriges Riksbank’s target of 2%, the country’s official statistical agency said today (April 14).
But analysts say that core inflation appears to be holding steady, making it unlikely that the Swedish central bank will tighten monetary policy.
The consumer price index with fixed interest rates (CPIF) had grown year on year by 1.5% in February. The sharp increase boosts Swedish inflation to its highest level in 22 months.
But one
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