Weak krona increases inflation risk – Riksbank minutes

Board members agree inflation remains too high and policy needs to be tighter

Sveriges Riksbank HQ
Daniel Hinge

A weaker krona is increasing inflation risks in Sweden, the minutes of Sveriges Riksbank’s latest monetary policy meeting say.

Officials stressed the Swedish currency recorded a significant depreciation since April. In fact, “there is also a risk that the pass-through of the weak krona to price increases will be greater in the current situation with high inflation,” say the minutes, published today (July 10).

“The weakening of the krona and continued high demand in the service sector

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