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Swedish Oct CPI: Correction to our forecast
Mon, Nov 10 2008, 14:06 GMT
by Michael Grahn
We have made quite a drastic change to our call for October CPI, revising it up from -0.2% m/m (3.6% y/y) to 0.1% m/m (3.9% y/y). This is because we have estimated mortgage costs for owner-occupied housing incorrectly. Hence, instead of a significant decline in mortgage costs, there is likely to be a marked rise in October.
Published on Mon, Nov 10 2008, 14:08 GMT
Danske Bank
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This publication has been prepared by Danske Bank for information purposes only. It is not an offer or solicitation of any offer to purchase or sell any financial instrument. Whilst reasonable care has been taken to ensure that its contents are not untrue or misleading, no representation is made as to its accuracy or completeness and no liability is accepted for any loss arising from reliance on it. Danske Bank, its affiliates or staff, may perform services for, solicit business from, hold long or short positions in, or otherwise be interested in the investments (including derivatives), of any issuer mentioned herein. Danske Bank's research analysts are not permitted to invest in securities under coverage in their research sector. This publication is not intended for private customers in the UK or any person in the US. Danske Bank A/S is regulated by the FSA for the conduct of designated investment business in the UK and is a member of the London Stock Exchange. Copyright () Danske Bank A/S. All rights reserved. This publication is protected by copyright and may not be reproduced in whole or in part without permission.Related reports
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