10 Jun 2015
Riksbank vigilant on today’s data in Sweden – Danske Bank
FXStreet (Edinburgh) - Analyst Kristoffer Kirkegaard at Danska Bank assessed the importance of today’s inflation figures and industrial data in Sweden.
Key Quotes
“Sweden will release industrial production figures and not least inflation expectations for labour market participants”.
“The Riksbank is clearly disturbed by the recent and frequent chatter suggesting it will be unable to attain the inflation target and, hence, the need to sidestep the inflation target as nominal anchor in the upcoming centralised wage rounds”.
“We cannot exaggerate the importance of this outcome and, while we refrain from making a numerical forecast, we would be surprised to see wage and inflation expectations among labour market participants fall much further”.
Key Quotes
“Sweden will release industrial production figures and not least inflation expectations for labour market participants”.
“The Riksbank is clearly disturbed by the recent and frequent chatter suggesting it will be unable to attain the inflation target and, hence, the need to sidestep the inflation target as nominal anchor in the upcoming centralised wage rounds”.
“We cannot exaggerate the importance of this outcome and, while we refrain from making a numerical forecast, we would be surprised to see wage and inflation expectations among labour market participants fall much further”.