The decline in CPIF inflation in July will be of limited comfort to policymakers given that the core rate, excluding energy, jumped to 6.6%. We still think the Riksbank may raise its repo rate by a further 50bp before its next scheduled meeting, on 20th September, and will lift it to 2.0% by year-end.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.