Riksbank’s Bunge says economy is in a mild recession

• Riksbank’s Bunge: Inflation is in the process of stabilising at the target and the Swedish economy is in a mild recession.
• Riksbank’s Bunge: I foresee two or three further cuts this year.
• Riksbank’s Bunge: However, monetary policy should still be characterised by a gradual adjustment.
• Riksbank’s Bunge: This creates predictability and gives us the opportunity to manage a different development in the economy than expected, if this should prove necessary.
• Riksbank’s Bunge: We need to ensure that all sectors, not least property companies and households, are resilient to withstand a potential situation where interest rates rise again at some point

This article was written by Arno V Venter at www.forexlive.com.