MNI China Daily Summary: Friday, April 26

MNI BRIEF: China, US Should Strengthen Dialogue, Cooperation

MNI BRIEF: SNB Framework Reform 'Playing With Fire' - Steiner

MNI: PBOC Conducts CNY2 Bln Via OMO Fri; Liquidity Unchanged

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

MNI: PBOC Sets Yuan Parity Lower At 7.1056 Fri; -4.56% Y/Y

MNI: BAKER HUGHES US RIG COUNT 613; OIL RIGS 506; GAS RIGS 105

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL APR INDEX 77.2

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Inflation Expectations Moderate Across Parties

SWEDEN
DataHomepageData BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

Swedish near term inflation expectations moderated in Prospera's "big" March survey (which contains data on social partners as well as the usual money market participants) relative to December, with 1-year CPIF expectations at 2.4% Y/Y (vs 2.8% prior) and 2-year expectations at 2.1% (vs 2.2% prior).

  • The risk of a de-anchoring in inflation expectations continues to be low, judging by Prospera data over the past few months.
  • 5-year ahead CPIF expectations were steady at 2.1% Y/Y.
  • Money-market player CPIF expectations were broadly steady relative to the February survey (+/- 0.1pp across 1/2/ and 5-year horizons).
  • All social partners saw 1-year CPIF expectations revised lower vs December. At a 2-year horizon, employees' organisations expectations rose a touch to 2.3% Y/Y (vs 2.2% prior).
  • 1-year ahead wage expectations were revised a touch lower to 3.4% Y/Y (vs 3.6% in December), while 2/5-year ahead expectations were steady at 3.1% Y/Y and 2.8% Y/Y respectively.
  • The full survey can be found here: https://www.kantarsifo.se/sites/default/files/1969c9a8.pdf
159 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Swedish near term inflation expectations moderated in Prospera's "big" March survey (which contains data on social partners as well as the usual money market participants) relative to December, with 1-year CPIF expectations at 2.4% Y/Y (vs 2.8% prior) and 2-year expectations at 2.1% (vs 2.2% prior).

  • The risk of a de-anchoring in inflation expectations continues to be low, judging by Prospera data over the past few months.
  • 5-year ahead CPIF expectations were steady at 2.1% Y/Y.
  • Money-market player CPIF expectations were broadly steady relative to the February survey (+/- 0.1pp across 1/2/ and 5-year horizons).
  • All social partners saw 1-year CPIF expectations revised lower vs December. At a 2-year horizon, employees' organisations expectations rose a touch to 2.3% Y/Y (vs 2.2% prior).
  • 1-year ahead wage expectations were revised a touch lower to 3.4% Y/Y (vs 3.6% in December), while 2/5-year ahead expectations were steady at 3.1% Y/Y and 2.8% Y/Y respectively.
  • The full survey can be found here: https://www.kantarsifo.se/sites/default/files/1969c9a8.pdf