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Monetary Policy Update September 2012

Monetary Policy Update September 2012. Repo rate cut Counteracts low inflation ahead. Continued unease on financial markets  . Source: Reuters EcoWin. Government bond rates with 10 years left to maturity, per cent. Structural problems in Europe. Unit labour cost Index , 1999 = 100.

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Monetary Policy Update September 2012

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  1. Monetary Policy UpdateSeptember 2012

  2. Repo rate cut Counteracts low inflation ahead

  3. Continued unease on financial markets   Source: Reuters EcoWin Government bond rates with 10 years left to maturity, per cent

  4. Structural problems in Europe Unitlabourcost Index, 1999 = 100 Source: OECD

  5. Weak developments in euro area GDP, annualpercentagechange Sources: Bureau ofEconomicAnalysis, Eurostat and the Riksbank

  6. Swedish economy relatively strong GDP, quarterly changes in per cent calculated as an annual rate, seasonally adjusted data Sources: Statistics Sweden and the Riksbank

  7. Growth dampened in coming period Source: National InstituteofEconomic Research Index, average = 100, standard deviation = 10

  8. Stronger krona Source: The Riksbank Competition-weighted nominal exchange rate, TCW, Index, 18 Nov 1992 = 100

  9. Labour market in line with expectations Per cent of the labour force, aged 15-74, quarterly data, seasonallyadjusted data Sources: Statistics Sweden and the Riksbank

  10. Lower inflationary pressure • Weakgrowth in the coming period • Goodproductivitygrowth • Stronger krona

  11. Lower repo rate Repo rate, per cent, quarterly averages Source: The Riksbank

  12. Inflation rising towards the target Sources: Statistics Sweden and the Riksbank Annualpercentagechange. The CPIF is the CPI with a fixedmortgage rate

  13. A forecast, not a promise Repo rate, per cent, quarterly averages Source: The Riksbank

  14. Repo rate cut Counteracts low inflation ahead

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