The Swedish CPI fell to 4.4%, which meant a decline from November's 5.8%. This resulted in hopes from various actors that Sweden's central bank AKA Riksbanken will not only leave the policy rate unchanged at the next monetary policy announcement on February 1, 2024, but perhaps even lower it.
I do hope that Riksbanken does not lower the policy rate this time, but instead takes it coolly and awaits future inflation figures. It is always better to think before and act accordingly. If Sweden's inflation continues to fall, it may be time to lower the policy rate at the next monetary policy announcement to be held on March 26, 2024.
Despite December's good inflation figures, the Swedish krona continues to fall against both the US dollar and the euro. So it seems that there are more people with me who think that Riksbanken should take it coolly.
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