Nordic & Swiss Economics

Nordic & Swiss Chart Book

23 October, 2018

Higher inflation to prompt Nordic rate rises

The latest data suggest that underlying inflation is picking up in Sweden, Norway and Iceland and we expect the central banks in all three countries to respond by tightening monetary policy. In Sweden, non-energy CPIF inflation rebounded in September and capacity utilisation measures suggest that it will rise further. As headline CPIF inflation is already above the Riksbank’s 2% target, we expect the Bank to signal more clearly at its meeting tomorrow that it will start raising interest rates i

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