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MPU April 2009. Figure 1. Repo rate with uncertainty bands Per cent, quarterly averages Source: The Riksbank Note. The uncertainty interval does not take.

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Presentation on theme: "MPU April 2009. Figure 1. Repo rate with uncertainty bands Per cent, quarterly averages Source: The Riksbank Note. The uncertainty interval does not take."— Presentation transcript:

1 MPU April 2009

2 Figure 1. Repo rate with uncertainty bands Per cent, quarterly averages Source: The Riksbank Note. The uncertainty interval does not take into account the zero interest rate bound.

3 Figure 2. CPI with uncertainty bands Annual percentage change Sources: Statistics Sweden and the Riksbank Note. The broken line represents the main scenario forecast.

4 Figure 3. GDP with uncertainty bands Annual percentage change, seasonally-adjusted data Sources: Statistics Sweden and the Riksbank

5 Figure 4. GDP Quarterly changes in per cent calculated in annualised terms, seasonally adjusted data Sources: Statistics Sweden and the Riksbank Note. Broken lines represent the Riksbank’s forecast.

6 Figure 5. Unemployed Percentage of the labour force, seasonally-adjusted data Sources: Statistics Sweden and the Riksbank

7 Figure 6. Labour force and number of employed Thousands, seasonally-adjusted data Source: Statistics Sweden and the Riksbank

8 Figure 7. CPI Annual percentage change Sources: Statistics Sweden and the Riksbank Note. Broken lines represent the Riksbank’s forecast.

9 Figure 8. CPI, CPIF and CPIX Annual percentage change Sources: Statistics Sweden and the Riksbank

10 Figure 9. Repo rate Per cent, quarterly averages Source: The Riksbank Note. Broken lines represent the Riksbank’s forecast.

11 Figure 10. Real repo rate Per cent, quarterly averages Source: The Riksbank Note. Real repo rate is calculated using the Riksbank’s one-year inflation forecasts.

12 Figure 11. TCW-weighted exchange rate Index, 18.11.92 = 100 Source: The Riksbank

13 Figure 12. Oil price, Brent crude USD per barrel, futures price Sources: Intercontinental Exchange and the Riksbank

14 Figure 13. GDP for the USA and the euro area Quarterly changes in per cent calculated in annualised terms, seasonally adjusted data Sources: Bureau of Economic Analysis, Eurostat and the Riksbank Note. Broken lines represent the Riksbank’s forecast.

15 Figure 14. Estimated gaps Percentage deviation from the HP trend Sources: Statistics Sweden and the Riksbank Note. Broken lines represent the Riksbank’s forecast.

16 Table 1. Inflation, annual average Annual percentage change Sources: Statistics Sweden and the Riksbank Note: The assessment in MPR in April 2009 is stated in parenthesis.

17 Table 2. Inflation, 12-month average Annual percentage change Note: The assessment in MPR in April 2009 is stated in parenthesis. Sources: Statistics Sweden and the Riksbank

18 Table 3. Repo rate forecast Per cent, quarterly average values Source: The Riksbank Note: The assessment in MPR in April 2009 is stated in parenthesis.

19 Table 4. Summary of financial forecasts, annual average Per cent, unless otherwise specified * Per cent of GDP Note: The assessment in MPR in April 2009 is stated in parenthesis. Sources: Statistics Sweden and the Riksbank

20 Table 5. International conditions Annual percentage change, unless otherwise specified Sources: IMF, Intercontinental Exchange, OECD and the Riksbank Note: The assessment in MPR in April 2009 is stated in parenthesis.

21 Table 6. GDP by expenditure Annual percentage change, unless otherwise specified *Contribution to GDP growth, percentage points Sources: Statistics Sweden and the Riksbank Note: The assessment in MPR in April 2009 is stated in parenthesis.

22 Table 7. Production and employment Annual percentage change, unless otherwise stated * Procent av arbetskraften Note: The assessment in MPR in April 2009 is stated in parenthesis. Sources: Employment Service, Statistics Sweden and the Riksbank

23 Table 8. Wages and unit labour cost for the economy as a whole Annual percentage change, unless otherwise specified, calendar- adjusted data * Contribution to the increase in labour costs, percentage points Sources: National Mediation Office, Statistics Sweden and the Riksbank Note: The assessment in MPR in April 2009 is stated in parenthesis.


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