We have just had a new reading of the quarterly survey results on inflation expectations in Sweden. The overall measure moved higher, from 1% to 1,1% with all components showing some increase. This is the highest reading since 3Q 2012.
Source: Macrobond, XTB
This follows the yesterday data on May CPI in Sweden which were 0.1pp lower than consensus in most of the measures which sparked some SEK weakness. Today’s reading should work in the opposite direction an in fact the day starts with some gains for the krona vs both USD and EUR.
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