Swedish inflation is close to target, Riksbank's Thedeen says
Adds detail on inflation in paragraphs 4-6, changes dateline to Stockholm
STOCKHOLM, Oct 15 (Reuters) -Swedish inflation is back close to the target, and interest rates are about to fall further, Riksbank Governor Erik Thedeen said on Tuesday.
"With inflation close to target and strong confidence in the inflation target, there is scope for monetary policy to provide more support to economic activity," Thedeen said in the summary of a speech published on the central bank's website.
The pace of inflation has eased rapidly since topping out at over 10% at the end of 2022, allowing the central bank to start cutting its policy rate in May.
That cut was followed by two more, in August and September .
The latest inflation figures, published earlier on Tuesday, showed headlineinflation at 1.1% and, stripping out volatile energy prices, 2.0%.
The Riksbank targets 2.0% headline inflation.
At its most recent meeting in September, the Riksbanksaid it expected to cut the policy rate at the two remaining meetings this year - one of which could be a half percentage-point cut and once or twice more in the first half of 2025.
Swedish rates and inflation: http://tmsnrt.rs/1qEN4Rz
Reporting by Simon Johnson in Stockholm and Louise Breusch Rasmussen in Copenhagen, editing by Stine Jacobsen
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