Relief for the Riksbank as Swedish inflation nears target

Inflation accelerated for a third month to 1.7 percent from 1.4 percent the previous month, according to Statistics Sweden. "The higherthan- expected inflation is of course good news for the Riksbank and supports our view that the bank is done easing," Torbjorn Isaksson, chief analyst at Nordea Bank AB, said. SEB AB analyst Olle Holmgren said the fact that inflation was approaching the 2 percent target would make it easier for the Riksbank to end the aggressive easing seen in Sweden "over the last two-three years." Sweden’s central bank last month reduced the pace of its government bond purchases and kept its key rate unchanged at minus 0.5 percent amid signs that its unprecedented stimulus has succeeded in boosting inflation. (Bloomberg)



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