Riksbank's Thedeen says inflation is close to target, interest rates have come down and the labour market has started to improve

• Core inflation may trail forecast in 2026.

The Riksbank's comments suggest a dovish stance, indicating that inflation is nearing their target while interest rates are on the decline, which could signal an easing bias going forward. Given that core inflation may fall short of expectations for 2026, this might imply a prolonged scenario of lower rates to support economic recovery and a cooling labor market, impacting both the SEK and broader ECB policy considerations.