Swedish inflation risks receding-Riksbank

Sweden's central bank, the Riksbank, said on Feb 26, 2001 that inflation risks appeared to have diminished since it raised interest rates in December 2000, although the outcome of the current wage round could affect the picture.

"The risks we saw in December as a possible source of rising inflation are no longer so apparent," Riksbank Governor Urban Backstrom said in the summary of a prepared speech. "It now looks as though the Swedish economy is entering a calmer phase," he said. "It should b

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