Sweden: Riksbank kept policy steady - BBH

Research Team at BBH, notes that the Sweden's Riksbank kept policy steady, as expected while it still sees “slow” increases in the repo rate starting in H2 2017, but said it stands ready to do more as needed. 

Key Quotes

“It cut its 2016 growth forecast slightly from 3.6% to 3.2%, and raised its inflation forecast in 2016 from 1.0% to 1.1%.  2017 forecasts were kept steady at 2.2% growth and 1.7% inflation.  Its economy grew 3.1% year-over-year in Q2.  Deflation has ended, and CPI is rising gradually.  All in all, there is simply no pressure for fresh action from the Riksbank."