Inflation fell more than expected.
This was announced by the head of the Riksbank Erik Thedéen during Thursday. Inflation fell to 1.2 percent during August, which can be compared with July when the same figure was 1.7 percent.
During the day, several critical voices were directed at the Riksbank. One of them is Avanza’s private economist Felicia Schoen who think that today’s announcement clearly shows that the Riksbank should be more forward-looking.
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Felicia Schön at Avanza believes that the economy is on its knees. Photo: Avanza press image. The Riksbank. Photo: Fredrik Sandberg/TT.
– The public economy is on its knees with an economy that is not developing, high unemployment and companies that are holding on by a thin thread. I don’t understand why people are so afraid to save the Swedish economy from collapsing, she said News24.
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The economist: “Soft landing”
But who is it that can be expected to get more in the wallet after today’s announcement?
Handelsbanken has compiled a new economic forecast that predicts both interest rate cuts and real wage increases, something that will benefit households in Sweden.
– We are heading towards a global soft landing where Sweden has good conditions for a stronger recovery, says Christina NymanHandelsbanken’s chief economist, in a press release.
Christina Nyman, chief economist at Handelsbanken. Photo: Tomas Oneborg/SvD/TT. Handelsbanken. Photo: Oscar Olsson/TT.
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SEK 3,700 a month extra
At Handelsbanken, it is predicted that the interest rate will continue to be lowered and then stabilize in the long term at around 2.25 percent during the first half of 2025. This will in turn create a snowball effect with real wage increases and increased purchasing power.
If Handelsbanken’s forecast is correct, Swedish households can count on a substantial extra sum to shop for.
– For a family with an average mortgage, this means approximately SEK 3,700 a month in increased purchasing power, excluding inflation, says Nyman in the press release.
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Handelsbanken: This could be the situation for the Swedish krona
As for the weak krona, Nyman sees a continued “shaky journey” at Handelsbanken.
– We expect the krona to strengthen going forward, but at the same time it will probably continue to be a shaky journey in the autumn against the background of risks linked to geopolitics, trade wars, and the American presidential election, says Christina Nyman in the press release.