1. Monetary Policy Report July 2011

2. Stable development in the Swedish economy – despite increased uncertainty globally

3. Global economic outlook still divided
GDP growth, annual percentage change.
BRIC refers to Brazil, Russia, India and China, forecast from the IMF.
Sources: The IMF and the Riksbank

4. Considerable uncertainty abroad
Interest rates for government bonds with 10 years left to maturity, per cent
Source: Reuters EcoWin

5. Stable krona in the period ahead
TCW exchange rate, index, 18 Nov 1992 = 100
Source: The Riksbank

6. Swedish economy enters slower growth phase
Annual percentage change
Sources: Statistics Sweden and the Riksbank

7. Swedish economy will remain stable
GDP. Annual percentage change, seasonally-adjusted data.
Sources: Statistics Sweden and the Riksbank

8. Improvement in the labour market continues
Unemployment 15–74 age group, percentage of labour force, seasonally adjusted data.
Pre-2001 data is spliced by the Riksbank on the basis of unemployment in the age group.
Sources: Statistics Sweden and the Riksbank

9. Sources: National Mediation Office and the Riksbank
Rising wage increases
Annual percentage change
Sources: National Mediation Office and the Riksbank

10. Large differences between measures of inflation
Annual percentage change
Source: Statistics Sweden and the Riksbank

11. Expectations in line with forecast
Annual percentage change
Sources: Statistics Sweden, TNS Sifo Prospera and the Riksbank

12. Higher interest rate contributes to stable economic development
Repo rate, per cent, quarterly averages
Source: The Riksbank

13. A forecast, not a promise
Wage-driven
inflation
Weaker international
economic activity
Repo rate, per cent, quarterly averages
Source: The Riksbank

14. Stable development in the Swedish economy – despite increased uncertainty globally