Swedish central bank changes inflation forecast.
NORDIC BUSINESS REPORT-27 March 2001-Swedish central bank changes inflation forecast(C)1994-2001 M2 COMMUNICATIONS LTD http://www.m2.com
Sweden's central bank, the Riksbank, has said it would be leaving its key repo rate unchanged at 4.00% and signalled that rates would remain on hold or maybe fall in the next few months.
In its quarterly inflation report, the Riksbank forecast headline consumer price inflation of 1.9% year-on-year over the next 12 months, compared with a forecast of 1.8% in its previous report. The bank saw consumer prices increasing 2.0% in two years, compared with a 2.1% forecast in December.
The bank forecast underlying inflation measured by the UND1X gauge to increase by 1.9% in one year and also 1.9% in two years, compared to a December forecast of 1.8% in one year and 1.9% in two years.
The Riksbank also cut its forecast for Swedish gross domestic product growth to 2.4% this year and 2.4% in 2002, compared to the previous 3.4% and 2.9% respectively.
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|Title Annotation:||Riksbank issues forecasts for consumer price inflation, consumer prices, gross domestic product growth|
|Publication:||Nordic Business Report|
|Article Type:||Brief Article|
|Date:||Mar 27, 2001|
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