Economic activity in Sweden is increasingly strong, but the Riksbank now assesses that it will take longer before inflation stabilises around 2 per cent. There is still considerable uncertainty over political and economic developments abroad. The Executive Board decided to extend the purchases of government bonds by SEK 15 billion during the second half of 2017 and to hold the repo rate unchanged at −0.50 per cent. The repo rate is now not expected to be raised until mid-2018, which is slightly later than in the previous forecast.