Riksbank’s Jochnick: Rate hike expected at end-2018

The Swedish central bank, Riksbank, First Deputy Governor Kerstin af Jochnick was on the wires last minutes, via Reuters, making some comments on the inflation and interest rates outlook.

Key Headlines:

Inflation has been on target for the past year.

Want to be sure inflation, inflation expectations stabilize around 2%.

‘Slightly higher’ underlying inflation needed.

Nearing time for 1st rate hike.

Underlying inflation needs to rise before rate hike

Rate hike expected at end-2018.