Economy

Unchanged inflation rate this summer : The inflation rate in July is at the same level as in June, despite a slight decrease in the measure excluding energy prices. The inflation figures for July are not expected to affect the Riksbank's decision to raise the policy rate at their next monetary policy meeting in September. Inflation in the services sector will be closely monitored by the executive board.

Quiet on the housing market : The number of housing transactions in Sweden has decreased by 12 percent compared to last year as buyers adopt a wait-and-see approach. However, experts predict that the market will normalize in the autumn, with stable prices and the need for relocation being the driving factors.

Baltic tax blow : Proposed tax changes in Latvia threaten Swedish major banks as the new tax model would replace the dividend tax currently applied to banks, potentially eliminating a profit tax. The Latvian banking market, dominated by Swedish banking giants, has experienced increased profits due to interest rate hikes. It remains uncertain if the proposal will gain majority support in Parliament.