February 20, 2024 07:18 GMT
Inflation Expectations Remain Well-Anchored
SWEDEN
Swedish money market player expectations remain well anchored around the 2% target, according to the latest survey from Prospera. The Riksbank have been encouraged by the stability of expectations in recent months, and today's data will do little to change this view.
- 5-year ahead CPIF expectations rose a touch to 2.1% Y/Y (vs 2.0% prior), while both 1- and 2-year ahead expectations were 1.9% Y/Y.
- Comparing to the latest quarterly Economic Tendency Survey (from January), industry expectations were also well-anchored, with 1-year ahead inflation expectations at 1.7% in Q4 '23 (vs 2.2% in Q3).
- Prospera survey participants also noted a more optimistic view of GDP growth in the near-term. 1-year ahead annual GDP growth expectations rose to 0.6% (vs 0.2% prior) while 2-year ahead expectations rose to 2.0% (vs 1.8% prior).
- The next quarterly survey is due on March 15. This survey includes expectations from employer/employee organisations and purchasing managers alongside those from money market players.
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