1. Monetary policy decision 8 October 2008

2. The financial crisis may worsen Reinforces the ongoing economic downturn Resulting in lower inflationary pressures

3. Repo rate cut by 0.5 percentage points Alleviates the consequences of the financial crisis Inflationary pressures beginning to decline Credit crunch over and above the repo rate Joint action reinforces confidence

4. Spreads continuing to rise Note. Basis spread = Interbank rate – expected policy rate (STINA-rate), 3 months, basis points

5. Tightening in short-term mortgage rates over and above the effects of monetary policy Note. The difference beween variable mortgage rates and expected policy rate (STINA rate), percentage points

6. Weakening of Swedish krona Note. TCW index, 18 November 1992=100

7. GDP and employment forecasts… General economic slowdown Financial crisis Exchange rate Oil and commodity prices..probably need to be revised down

8. Purchasing managers’ index at lowest level since start in 1994 Note. Manufacturing industry, seasonally-adjusted index and net figures

9. Clearer signs of weakening in the labour market Note. 1000s, seasonally-adjusted data Probably high in September

10. Inflation forecast… Weaker economic activity Oil and commodity prices Exchange rate ….will probably be revised down

11. Lower oil prices (Brent, in USD)

12. The Economist commodity price index (in USD)

13. Repo rate cut by 0.5 percentage points Alleviates consequences of the financial crisis Inflationary pressures beginning to decline Credit crunch over and above the repo rate Joint action reinforces confidence