Sveriges Riksbank

04/08/2024 | Press release | Distributed by Public on 04/08/2024 01:01

Erik Thedéen in Copenhagen and Malmö

"The outlook for inflation has continued to improve and the risk of inflation becoming entrenched at levels that are too high has declined. We are therefore approaching a situation where the need to conduct a contractionary monetary policy is declining. However, the risks of setbacks still remain. Exchange rate developments in particular create uncertainty. A weaker krona could provide unwanted inflationary impulses."