BOJ leaves policy unchanged despite Zero Inflation
Aug 07, 2015 04:04 am UTC| Commentary Central Banks
The BOJ has kept policy settings unchanged since October when the central bank last expanded its Qualitative and Quantitative Easing (QQE) program, which currently has the monetary base expanding at a rate of around 80...
Riksbank prepares for further action
Aug 07, 2015 03:51 am UTC| Commentary
A possible rate hike by the US Federal Reserve would be a welcome helping hand for the Riksbank as it would alleviate appreciation pressures on the SEK. Still, inflation will be a hard nut to crack for the bank. If the...
Riksbank to pin its hopes on Krona
Aug 07, 2015 03:50 am UTC| Commentary
On the domestic front, it has become increasingly clear that the main objective during the upcoming pay talks will be to safeguard Swedish competitiveness. Accordingly, the outcome of the pay talks for the coming years is...
Aug 07, 2015 03:48 am UTC| Commentary
The CPIF inflation reading is expected to come in at 0.6% y/y in July by Nordea bank, which is 0.1% point lower than the Riksbanks forecast. The Riksbank expects very low energy prices over the coming months. The reason...
Decline in energy prices to effect Sweden July infation
Aug 07, 2015 03:40 am UTC| Commentary
Also energy prices have moved lower since the Riksbanks monetary policy meeting in July. World market oil prices have declined markedly, while the drop in fuel prices in Sweden has been considerably less pronounced."In...
Sweden July CPI, yet another too low reading
Aug 07, 2015 03:34 am UTC| Commentary
In its July report the Riksbank revised down markedly both its wage and inflation forecasts. For instance its forecasts for CPIF inflation excluding energy were lowered for the entire forecast horizon. Despite the downward...
UK IP surprises to the downside but overall positive signal
Aug 07, 2015 03:25 am UTC| Commentary
In terms of UKs main industrial groups, production was dragged lower by a sharp downward turn in energy products (-3.2% m/m, -0.8pp contribution) and nondurables (-3.3% m/m, -0.7pp contribution).Both registered their...