that the Riksbank will leave the repo rate unchanged at zero per cent, as was to be expected, and also makes a forecast of the rate of interest remains unchanged.
”the global and the Swedish economy has developed in line with the Riksbank’s forecasts in december and the outlook for inflation and economic activity is largely unchanged,” wrote the Riksbank in a press release.
as the Riksbank does not expect to move the funds rate prior to 2023.
as of coronavirus are expected to have an impact on global growth in the short term.
”the Implications of this new coronavirus is expected to decline with the global growth in the short-term, but right now it is difficult to fully assess the economic consequences”, said the national bank.
”The unusually mild winter and lower oil prices will contribute to a fall in energy prices, which is a low-inflation environment by 2020”, said the national bank.
it is reduced to 1.3% as against the previous 1.7%.
the Risk of financial setback as a result of the spread of the new coronavirus is expected to be one of the hottest issues in Stefan Ingves press conference after the minimum bid rate.
The deadly virus has so far claimed more than 1,000 deaths since the first case was identified at the end of the year, most of them in the Hubeiprovinsen in China.
Article updated
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