Sveriges Riksbank Inflation Report, No.2, 2003

Sweden's central bank published its Second Inflation Report for 2003 on 5 June. In the report the Riksbank said CPI inflation is expected to be 1.2 per cent one year ahead and 1.8 per cent two years ahead while the degree of uncertainty in the assessments has declined somewhat, compared with the March Inflation Report.

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Since the previous Inflation Report, inflation has been lower than expected. The main explanation for this is the unexpectedly rapid fall in oil

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