Henrik Montgomery/TT
Swedish inflation
Governor of the Riksbank: Risk of inflation rising again
Deputy Governor of the Riksbank Anna Breman sees a risk of inflation rising in the future. She says this during a seminar arranged by Swedbank, according to TT.
Breman reasons that the summer was characterized by geopolitical tensions, war in Europe and extreme weather. Factors that risk high prices of goods, food and energy.
- In addition, the krone is still weak. Although it developed in line with our forecast during the summer, it counteracts the decline in inflation, she says in a press release.
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The crypto market
Bitcoin breaks snarkfest – pressured by hawkish Fed
After trading largely sideways for the past few months, bitcoin has lost 2 percent in the past 24 hours, falling below $29,000, Barron's notes.
According to the paper, it is a historically long period of calm for the otherwise volatile cryptocurrency.
- Bitcoin investors have been looking for a trigger to break the trend of sideways snarkfest, says Antoni Trenchev, co-founder of Nexo, stating that the real test of strength is coming now.
According to Barron's, yesterday's Fed minutes may have triggered the downward movement, as hawkish statements from the central bank tend to lower risk appetite.
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