瑞典央行在2025年8月将其政策利率维持在2%,符合预期,因为通货膨胀的上升幅度超过了预期,但被认为是暂时的,而经济活动仍然疲软。最近的数据显示,通胀率略高于目标,但这一回升可能是由短期因素推动的,一些指标表明,通胀率将回落至2%。增长仍然疲软,家庭消费谨慎,劳动力市场几乎没有改善。国际形势仍然不确定,地缘政治紧张局势和美国贸易谈判增加了风险。尽管如此,实际工资上涨、之前的降息和商业信心的改善为复苏提供了一些理由,尽管速度缓慢。鉴于这些情况,央行决定保持利率稳定,维持6月份的评估,即前景基本不变,如果通货膨胀消退,经济疲软持续,今年有可能进一步降息。
The Swedish Riksbank maintained its policy rate at 2% in August 2025, in line with expectations, as inflation has risen more than anticipated but is deemed temporary, while economic activity remains weak. Recent data showed inflation somewhat above target, but the upturn is likely driven by short-lived factors, with several indicators suggesting it will ease back toward 2%. Growth is still subdued, household consumption is cautious, and the labour market shows little improvement. International conditions remain uncertain, with geopolitical tensions and US trade negotiations adding risks. Still, rising real wages, previous rate cuts, and improving business confidence provide some grounds for recovery, albeit at a sluggish pace. Given these conditions, the central bank decided to hold rates steady, maintaining the June assessment that the outlook is largely unchanged and leaving open the possibility of a further rate cut this year if inflation subsides and economic weakness persists.