Riksbank

So for me, looking at the life and legacy of somebody like Dag, you know, so we have to remember that before he takes over at the UN, he's working inside the Swedish government and his career is growing exponentially.

sort of by width but not necessarily by height meaning people continue to give him jobs and at one point he was even working two jobs where he's a minister in the Swedish government and he's working within the Riksbank and he's just all the time working and working but Because he did not align with a political party, because he stayed neutral, there was this feeling that I probably won't ever become prime minister.

I might somehow be able to sidestep the requirement of aligning with a political party to get there, but it may not be possible for me.

So he's having this kind of, what next, that so many of us feel during midlife.

What a contrast of central banks there are anti...

The Central Bank of Sweden is, is basically embracing the Bank of International Settlements anti-Bitcoin.

And over here they're saying, "Well, it's actually is really important for our GDP." So we go through this every week, but you know what? We mentioned a great press release today.

We're continuing to hire people.

Okay.

Made up by the Swedish Central Bank in 1969 as part of its battle against social democratic policies.

So it reports people who undermine social democratic thought.

And in that case, definitely Nordhaus deserved to get the prize.

But still, we expect core inflation to be lower, as I said, than Norges Bank's forecast, but not rule out the possibility of another hike this year.

Whereas in Sweden, we do expect a slight pickup in inflation and inflation to remain slightly above the Riksbank's own forecast.

But we're not expecting at present a hike in Sweden this year.

Great.

To accept the digital euro, the merchant have to have a relationship with a PSP that is licensed in the eurozone, right? So they cannot get a digital euro account through their bank in Sweden.

If they want to, there has to be an agreement between the Swedish Central Bank and the ACB.

So it must be the Swedish Central Bank that says, I want to allow my intermediaries to distribute the digital euro in my country.

And so we make an agreement with the ACB in order to sort of see how it can be done.

So that means essentially that, yes, There could be situations like with cash that I go in Sweden and there's a merchant that can use it because he has a relationship with a Eurozone bank.

I participated in that.

I'm doing one for the Riksbank right now, and they have a history of doing reviews every five years.

Uh, the, the Parliament committee is the one that decides the scope and it's entirely, uh, external.

I think there's an advantage to having the external review or at least a stronger input from external people because y- you get a fresher look.

Yeah, I, I was pretty encouraged by, by the report this morning.

Um, I, I think from a, a central banking point of view, one thing that is also important, um, uh, and this turns a little bit towards UK and, and Scandinavia, is that the, you know, th-those central banks, especially Bank of England and Riksbank, have been perhaps dragging their feet, uh, somewhat in terms of moving towards rate hikes.

Uh, the Riksbank this week, um, acknowledged stronger growth, uh, upside surprise on inflation, but then balanced that against a weaker, uh, labor market picture and, and softer corporate pricing.

Um, and, and kind of the, the Bank of England is in a, in a similar, uh, boat.

Um, so, you know, the fact that growth is holding strongly in the euro area and UK, we don't have a reading for Scandinavia, um, it, it does raise the likelihood that, you know, labor markets will improve in a, you know, above potential growth environment in, in across the whole of Western Europe.