Swedish NIER sees Riksbank waiting till autumn 2020 to hike rates

The Swedish National Institute of Economic Research (NIER), a government agency, is out with its outlook on the Swedish economic growth, inflation and central bank’s monetary policy.

Key Highlights:

Sees Riksbank repo rate: -0.25% at end 2019.

Sees Riksbank repo rate at 0.00% at end 2020.

Sees Riksbank waiting till autumn 2020 to hike rates.

Sees 2020 GDP growth: 1.3% (June est 1.4%).

Sees 2019 CPIF rising 1.9% (June est: 1.8%).

Sees 2020 CPIF rising 1.8% (June est: 1.7%).