Monetary Policy Update December 2010

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Presentation transcript:

Monetary Policy Update December 2010

Strong economic performance in Sweden

Growth at record rates Source: Statistics Sweden GDP, annual percentage change, calendar-adjusted quarterly data

Broad-based upturn in the Swedish economy Level, index 2007 = 100, seasonally-adjusted quarterly data Source: Statistics Sweden

Households are continuing to borrow Borrowing from monetary and financial institutions, annual percentage change Source: Statistics Sweden

The fiscal situation creates uncertainty Spreads for 10-year government bonds compared with Germany, percentage points Source: Reuters, EcoWin

Uneven growth in the world economy GDP, annual percentage change. IMF October forecast for Brazil, Russia, India and China (BRIC) Sources: The IMF and the Riksbank

Indicators suggest high growth in Sweden Confidence indicators, net figures Source: National Institute of Economic Research

Continuing strength in the Swedish economy GDP, quarterly changes in per cent calculated as an annual rate, seasonally-adjusted data Sources: Statistics Sweden and the Riksbank

Strong development on the labour market Unemployment 15-74 age group (before 2001, 16-64 age group), percentage of labour force, seasonally-adjusted data Sources: Statistics Sweden and the Riksbank

Inflation around the target Annual percentage change Sources: Statistics Sweden and the Riksbank

The repo rate path – a forecast, not a promise Per cent, quarterly averages Source: The Riksbank

Strong economic performance in Sweden