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New data released this week -- such as consumer confidence, unemployment and trade -- was mixed, but gave little reason to expect a marked worsening in the Nordic economy.
"There are no signs of any greater slowdown in these statistics," Martin Enlund, economist at Handelsbanken, told the newswire. "These statistics increase the likelihood of a unchanged repo rate also in September. In that case, we will have an interest rate of 1.50 percent in Sweden while we have zero rates in Europe."
Economic growth slowed last month as activity in construction and private sector services fell sharply, a government research body said. However, Swedish consumer confidence rose unexpectedly in July, as people became more optimistic about the economy despite the ongoing debt crisis in Europe.
Last Updated (Friday, 27 July 2012 11:42)