Riksbank’s forward guidance unchanged despite high inflation

While inflation in Sweden is higher than the Riksbank’s 2% target, the Bank’s decision to keep its forward guidance unchanged was not a major shock. The Riksbank is unlikely to shift its guidance until after the ECB signals that it is set to taper its own asset purchases, but we still expect a rate rise to occur sooner than the Riksbank’s current guidance implies, in April next year.

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