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Monetary policy report July 2010

Monetary policy report July 2010. Swedish economy developing strongly. …despite fiscal problems in Europe. Sources: OECD and the Riksbank. Public financial balance as a percentage of GDP. Limited impact on the financial markets. Difference between interbank rates and

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Monetary policy report July 2010

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  1. Monetary policy report July 2010

  2. Swedish economy developing strongly

  3. …despite fiscal problems in Europe Sources: OECD and the Riksbank Public financial balance as a percentage of GDP

  4. Limited impact on the financial markets Difference between interbank rates and government bond rates (TED spread) Sources: Reuters EcoWin and the Riksbank Note. The differetial is calculatde as the difference between the three-month interbank rate and three-month treasury bills.

  5. The global recovery is continuing Sources: Bureau of Economic Analysis, Eurostat, Statistics Sweden and the Riksbank GDP, quarterly percentage change calculated as an annual rate, Seasonally-adjusted data

  6. Broad upturn in Swedish economy Quartrely percentage change calculated as an annual rate, seasonally adjusted data Source: Statistics Sweden

  7. The upturn is continuing Source: National Institute of Economic Research Net figures

  8. Employment is increasing Note. Expectations have been moved to the period to which they refer. Source: National Institute for Economic Research Net figures

  9. Lower unemployment ahead Sources: Statistics Sweden and the Riksbank Percentage of the labour force, seasonally-adjusted data

  10. Inflation in line with target Sources: Statistics Sweden and the Riksbank Annual percentage change

  11. Interest rate increased from low level Source: The Riksbank Per cent, quarterly averages

  12. A forecast, not a promise Higher domestic demand Public finances crisis in the euro area Source: The Riksbank Per oent, quarterly averages

  13. Swedish economy developing strongly

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