Sweden's inflation is far too high and is eroding the purchasing power of households.
That and the interest rate situation after the latest increase of 0.50 percentage points were the given topics in the governor's speech on Wednesday morning.
This has led economists to speculate that there could be another double increase at the next interest rate announcement in April, instead of a 0.25 percentage point increase as previously estimated.
In addition, there is speculation that the Riksbank will hold an extraordinary monetary policy meeting.
However, Thedéen closes that door, at least based on the latest statistics.
- This figure is not a reason for us to call an extraordinary meeting, says the governor of the Riksbank.
However, he does not rule out that this assessment may change.
The housing market has taken a beating
At the same time that interest rates have risen, the housing market has also taken a beating and according to the latest figures from Swedish real estate statistics, among other things, prices for condominiums have fallen by ten percent in one year and villas by twelve percent.
However, it is impossible to say where the pain limit is for how much prices can fall before it has massive consequences, says Thedéen.
Sweden's inflation figures "worst in class"
In the European Commission's winter forecast, Sweden's inflation figures are singled out as "worst in the class".
The idea itself, however, opposes that description, but admits that it is a problem if it becomes an international perception.
- What is clear is that Sweden deviates, in some cases positively but also based on the high indebtedness.
The Riksbank and the Financial Supervisory Authority have warned against this, and not everyone has agreed with us.
Now it has turned out to be a problem.
He also adds that we need to have "a serious discussion about how we can get a more balanced development around debt in Sweden" when we are out of this period in the Swedish economy.
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The Riksbank governor's call to curb prices: Become tougher price negotiators.
Photo: Vlada Cakic/SVT