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Monetary policy update April 2011

Monetary policy update April 2011. The Swedish economy remains strong. Continued strong growth in Sweden. GDP, quarterly changes in per cent, calculated as an annual rate, seasonally-adjusted data. Sources Statistics Sweden and the Riksbank. Strong exports and domestic demand.

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Monetary policy update April 2011

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  1. Monetary policy update April 2011

  2. The Swedish economy remains strong

  3. Continued strong growth in Sweden GDP, quarterly changes in per cent, calculated as an annual rate, seasonally-adjusted data Sources Statistics Sweden and the Riksbank

  4. Strong exports and domestic demand Annual percentage change, seasonally-adjusted data Sources: Statistics Sweden and the Riksbank

  5. Labour market situation improving Unemployment, percentage of the labour force, seasonally-adjusted data Sources: Statistics Sweden and the Riksbank

  6. Continued strong growth abroad GDP, annual percentage change. IMF’s April forecast for Brazil, Russia, India and China (BRIC) Sources: IMF and the Riksbank

  7. Uncertainty in the world economy • Natural disaster in Japan • Fiscal problems in the euro area • Political unease in North Africa and the Middle East

  8. High energy and commodity prices Brent crude oil, USD per barrel. Forward rates calculated as a 15-day average. Sources: Intercontinental exchange and the Riksbank

  9. Low underlying inflation Annual percentage change. The CPIF is the CPI with a fixed mortgage rate. Sources: Statistics Sweden and the Riksbank

  10. Rising mortgage rates give high CPI inflation Sources: Statistics Sweden and the Riksbank Annual percentage change. The CPIF is the CPI with a fixed mortgage rate.

  11. Increasing short-term inflation expectations Annual percentage change. Inflation expectations refer to all participants. Surveys December 2010 and March 2011. . Sources: TNS SIFO Prospera, Statistics Sweden and the Riksbank

  12. A forecast not a promise Repo rate, percentage, quarterly averages Source: The Riksbank

  13. The Swedish economy remains strong

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