Inflation in Norway and Sweden was lower than expected in May, with core inflation falling in both economies. This will reassure Sweden’s Riksbank that it can keep its policy rate on hold, but we still think that the Norges Bank, which is worried about rising house prices, will start raising interest rates in Q3.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.