Riksbank revises up growth and inflation forecasts for 2021
Swedish central bank maintains stimulus; inflation not expected to approach target until 2023
Sveriges Riksbank revised up growth and inflation forecasts after its monetary policy meeting today (February 10).
However, the executive board said the Swedish economy will need monetary and fiscal support “for a long time”, adding inflation will not approach the 2% target until 2023. The central bank left interest rates unchanged at 0%, and maintained the Skr700 billion ($84.2 billion) asset purchase programme.
Still, the institution highlighted the economy has been more resilient to the
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