Cecilia Skingsley in Skara and Borås: economic activity is improving
"Economic activity in Sweden is strengthening and inflation is showing an upward trend. Even though there is still considerable uncertainty internationally, the economic outlook and inflation prospects remain largely unchanged since the monetary policy decision in July. Monetary policy needs to be remain very expansionary to ensure inflation continues to rise towards the target of 2 per cent and to combat the risks associated with too low an inflation rate. If the measures we have implemented so far are not sufficient to push up inflation, we remain prepared to do more."
This is what Deputy Governor Cecilia Skingsley will say when she visits Skara and Borås this Thursday and Friday. There, she will talk about the economic situation and the most recent interest rate decision, including at a breakfast meeting with representatives from companies, organisations and municipalities in the region. Ms Skingsley will also visit a company and give a presentation at Borås Industri- och Handelsklubb at the invitation of Swedbank Sjuhärad.
On 2 September, the Executive Board of the Riksbank decided to leave the repo rate unchanged at -0.35 per cent. The Bank will also continue to purchase government bonds until the end of the year. The repo rate is expected to be -0.35 per cent for about 12 months and the repo-rate path reflects the possibility of further rate cuts.
Follow the link to see the slides that Ms Skingsley will show during her presentation at, among others, Sparbanken in Skaraborg.
When the Monetary Policy Reports are published in the spring and autumn, members of the Executive Board visit different areas in Sweden and present the monetary policy decisions. The members then give presentations and meet representatives of the business sector, local government, media and higher education in the area.
The hosts of Ms Skingsley's visits are Sparbanken in Skaraborg and Borås Industri- and Handelsklubb.
