Sweden Riksbank: Easing Off The Accelerator, Not Hitting The Brakes
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The ink was barely dry on the Riksbank’s 25 bps hike to 2% when October’s flash CPIF print undershot expectations, falling to 1.1% y/y. Temporary fiscal measures, such as the halved food VAT and the fuel CO2 tax cut, have lowered headline inflation by about 1…
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