STOCKHOLM, May 20 (Reuters) - Sweden is entering a new phase for monetary policy and economy as inflation is now back close to the central bank's target, Riksbank Governor Erik Thedeen said on Monday.
"As global shocks have subsided and tight monetary policy has dampened demand, inflation has now fallen and is close to 2%," he said in the text of a speech published on the central bank's website.
"This creates the conditions for favourable economic development in the long term for Swedish households and companies."
(Reporting by Anna Ringstrom, editing by Essi Lehto)
