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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
Prospera's quarterly Swedish inflation expectations survey indicated a further moderation in CPIF expectations. 2Y ahead CPIF expectations fell towards the Riksbank's target to 2.2% Y/Y (vs 2.6% prior) while 5Y ahead expectations were steady at 2.1% Y/Y - indicating continued confidence in a return to the inflation target over the medium/long-term.
- The quarterly survey takes expectations from labour market participants, purchasing managers and money market players, with the monthly iterations only surveying the latter group.
- Compared to November, money market participants' CPIF expectations fell slightly at the 2Y horizon to 2.0% Y/Y (vs 2.1% prior), while 5Y expectations were stable at 2.1% Y/Y.
- Similar trends were seen by labour market participants and purchasing managers, with 2Y CPIF expectations of manufacturing purchasing managers recording the largest drop to 2.6% Y/Y (vs. 3.3% prior). Wage expectations saw slight declines across those groups at 2/5Y horizons on average.
- With respect to the policy rate, participants saw 50bps of Riksbank cuts in 12 months' time to 3.5% (vs 3.6% prior), while the policy rate was seen at 2.7% in 2Y and 2.3% in 5Y. The market currently prices a policy rate of 2.75% in December 2024, according to estimates by SEB.
- Full results in the image below (source: Prospera).
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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