1. Monetary Policy Update September 2012

2. Counteracts low inflation ahead
Repo rate cut
Counteracts low inflation ahead

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

4. Structural problems in Europe
Unit labour cost
Index, 1999 = 100
Source: OECD

5. Weak developments in euro area
GDP, annual percentage change
Sources: Bureau of Economic Analysis, 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
Index, average = 100, standard deviation = 10
Source: National Institute of Economic Research

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

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

10. Lower inflationary pressure
Weak growth in the coming period
Good productivity growth
Stronger krona

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

12. Inflation rising towards the target
Annual percentage change. The CPIF is the CPI with a fixed mortgage rate
Sources: Statistics Sweden
and the Riksbank

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

14. Repo rate cut Counteracts low inflation ahead