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Inflation Expectations Remain Well Anchored

SWEDEN
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Swedish money market participants’ inflation expectations remained anchored in May, with 1-year and 5-year ahead CPIF expectations remaining at 2.0%, and 2-year ahead expectations falling a touch to 1.9% (vs 2.0% prior).

  • All Executive Board members emphasised the importance of well-anchored medium-term inflation expectations in the May Riksbank meeting minutes.
  • 1-year and 2-year ahead annual GDP growth expectations were each revised a tenth higher (1-year to 1.0%, 2-year to 2.1%).
  • The 3-month ahead policy rate was seen at 3.7%, indicating that respondents view a June Riksbank cut as unlikely.
  • Full details from Prospera below:

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Swedish money market participants’ inflation expectations remained anchored in May, with 1-year and 5-year ahead CPIF expectations remaining at 2.0%, and 2-year ahead expectations falling a touch to 1.9% (vs 2.0% prior).

  • All Executive Board members emphasised the importance of well-anchored medium-term inflation expectations in the May Riksbank meeting minutes.
  • 1-year and 2-year ahead annual GDP growth expectations were each revised a tenth higher (1-year to 1.0%, 2-year to 2.1%).
  • The 3-month ahead policy rate was seen at 3.7%, indicating that respondents view a June Riksbank cut as unlikely.
  • Full details from Prospera below: