Sweden's Ingves on monetary policy

In the speech 'Introduction on monetary policy' given on 26 October Stefan Ingves of the Sveriges Riksbank said little by little economic activity in Sweden will enter a calmer phase.

"One reason is that international growth will slow down and another is that monetary policy will become less expansionary," Ingves said.

He said domestic production costs will probably increase as economic growth has an impact on the labour market and wages increase.

"The fact that productivity growth will gradually

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