COPENHAGEN, June 4 (Reuters) - Inflation in Sweden is now approaching the central bank's 2% target, and conditions are thus in place for a recovery in the Swedish economy and higher real wages, Riksbank Deputy Governor Anna Breman said on Tuesday.

"The recent development in inflation and economic activity indicates inflation close to target," Breman said in the text of a speech published on the central bank's website.

"If the outlook for inflation holds, the policy rate may be cut two more times during the second half of this year," she added. (Reporting by Stine Jacobsen, editing by Terje Solsvik)