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Monetary policy report July 2010. Swedish economy developing strongly.

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Presentation on theme: "Monetary policy report July 2010. Swedish economy developing strongly."— Presentation transcript:

1 Monetary policy report July 2010

2 Swedish economy developing strongly

3 …despite fiscal problems in Europe Public financial balance as a percentage of GDP Sources: OECD and the Riksbank

4 Limited impact on the financial markets Difference between interbank rates and government bond rates (TED spread) Note. The differetial is calculatde as the difference between the three-month interbank rate and three-month treasury bills. Sources: Reuters EcoWin and the Riksbank

5 The global recovery is continuing GDP, quarterly percentage change calculated as an annual rate, Seasonally-adjusted data Sources: Bureau of Economic Analysis, Eurostat, Statistics Sweden and the Riksbank

6 Broad upturn in Swedish economy Quartrely percentage change calculated as an annual rate, seasonally adjusted data Source: Statistics Sweden

7 The upturn is continuing Source: National Institute of Economic Research Net figures

8 Employment is increasing Net figures Source: National Institute for Economic ResearchNote. Expectations have been moved to the period to which they refer.

9 Lower unemployment ahead Percentage of the labour force, seasonally-adjusted data Sources: Statistics Sweden and the Riksbank

10 Inflation in line with target Annual percentage change Sources: Statistics Sweden and the Riksbank

11 Interest rate increased from low level Per cent, quarterly averages Source: The Riksbank

12 A forecast, not a promise Higher domestic demand Public finances crisis in the euro area Per oent, quarterly averages Source: The Riksbank

13 Swedish economy developing strongly


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