Riksbank has been unable to create inflation - BBH

Sandeep Kanihama FXStreet Contributor

Despite one of the most aggressive monetary policies, strong growth and a large current account surplus, the Riksbank has been unable to create inflation, according to analysts at BBH.

Key Quotes

“Today, Sweden reported a 0.8% m/m decline in January CPI, which was a bit more than expected, and pushed the y/y rate to 1.6% from 1.7%. The market had expected a small increase. The underlying rate, which uses fixed mortgage interest rates, fell 0.9% (median in the Bloomberg survey was for a 0.7% decline) and the y/y rate eased to 1.7% from 1.9%. This is the slowest underlying rate since March 2017. The krona is the weakest of the major currencies today, losing 1.1% against the dollar and 0.6% against the euro.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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