Sweden’s election dead heat no big deal for Riksbank

Political uncertainty following Sweden’s general election last weekend is unlikely to meaningfully alter the Riksbank’s plans to start tightening policy around the turn of the year. Meanwhile, in Norway, stronger August inflation data this week will have strengthened the Norges Bank’s resolve to raise rates next Thursday. By contrast, weak price pressures and a strong franc mean that the SNB will be sticking firmly to its dovish script.