“The Riksbank will be happy” with the GDP report, “but they may not be as happy with the strengthening of the currency,” James Pomeroy, an economist at HSBC Plc, said in the article. “Their target is inflation and if the currency is to strengthen significantly then that makes hitting the inflation target less likely; they might be forced into more action despite the growth numbers.”

The central bank expects the economy to expand 2.7% this year and 3.3% in 2016. Meanwhile, consumer prices could only inch up 0.1% in 2015, well below the central banks 2% target.

iShares MSCI Sweden ETF

For more information on Sweden, visit our Sweden category.

Max Chen contributed to this article.

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