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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.
SWEDEN
- Something for everyone in today's Prospera inflation expectations data which will keep the market on its toes looking for either a 75bp or 100bp hike at next Tuesday's Riksbank meeting. Non-money market players have increased their 2-year inflation expectations notably, but 5-year inflation expectations remain well anchored.
- The most concerning part of the Prospera inflation expectations survey is the increase in 2-year inflation expectations among non-money market players. For all players, the mean of 2-year CPIF expectation has increased to 3.344% from 2.841% (a 0.503% increase) and the median has increased from 2.60% to 3.00%. Slightly smaller increases are seen in both the mean and median for headline CPI.
- However, this is not reflected in money market players' expectations of inflation at the 2-year horizon - which has seen the median rise a little for both CPIF and CPI but the mean expectation for CPIF has actually fallen since June (and is consistent with August levels and well below the July expectation).
- 5-year inflation expectations are remaining pretty well anchored throughout and not really a concern for the Riksbank at this stage.
- With both 75bp and 100bp both plausible next week, there was little movement in EURSEK.
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.
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