In remarks on his stance at the latest monetary policy meeting, Sveriges Riksbank Deputy Governor Per Jansson assessed that the risk of elevated inflation has increased slightly but that policymakers have scope to wait before adjusting monetary policy. Unexpectedly high summer inflation was mainly driven by travel-related services, although larger-than-expected indirect effects from supply disruptions, including higher aviation fuel prices, could make the increase more persistent. Jansson said the labor market remains fairly weak and stronger-than-expected growth does not currently indicate that the economy is close to overheating, though the risk of somewhat higher demand-driven inflation has risen. Longer-term inflation expectations remain close to the 2% target, while wage formation continues to reflect confidence in that target. The Riksbank will assess incoming information and its implications for forecasts and policy ahead of its monetary policy meeting at the end of September. Jansson said he would support action if evidence emerged that a major inflation problem was developing.
2026-08-31Riksbank
Sveriges Riksbank Deputy Governor sees scope to wait on monetary policy despite increased inflation risk
Sveriges Riksbank Deputy Governor Per Jansson said policymakers have scope to wait before adjusting monetary policy, despite a slight increase in the risk of elevated inflation. The Riksbank will assess whether unexpectedly high summer inflation is temporary or more persistent ahead of its end-September meeting.