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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
Swedish CPIF expectations amongst money market players moderated across the 1-,2- and 5-year horizons in the January Prospera survey. Inflation expectations continue to trend lower, and will not be a primary concern for the Riksbank at the upcoming Feb 1 decision.
- NOKSEK was largely unmoved by the release given the continuation of trend.
- 1-year ahead CPIF expectations fell considerably to 2.0% Y/Y (vs 2.4% in Dec '23), while 2-year and 5-year expectations also fell by 10bps each, to 1.9% Y/Y and 2.0% Y/Y respectively.
- Money market players still do not forecast a Riksbank cut in the next 3-months (in line with current market pricing) but see the policy rate at 2.90% in 12-months' time (a little more than 4 25bp cuts from the current 4.00% policy rate level).
- Annual GDP expectations moved a touch higher, but 1-year ahead expectations remain modest at +0.2% Y/Y (vs 0.0% prior). 2-/5-year expectations moved up 10bps to 1.8% Y/Y and 2.2% Y/Y respectively.
- Expectations for the SEK saw minimal revisions - see the table below for a summary.
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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