Swedish Inflation Likely to Keep The Riksbank on Hold -- Market Talk
Dow Jones
Jul 07
0710 GMT - A jump in Swedish inflation in June will discourage the Riksbank from further interest-rate cuts, says Adrian Prettejohn at Capital Economics. Both headline and core inflation rose in June by much more than Riksbank officials had forecast at its meeting last month, the economist says. CPIF inflation increased from 2.3% in May to 2.9% in June, leaving it much higher than the consensus for a reading of 2.5%. The core rate jumped even more sharply, from 2.5% to 3.3%. Capital Economics expects the Riksbank to keep the policy rate at 2% for the foreseeable future, rather than cutting again. (dominic.chopping@wsj.com)
(END) Dow Jones Newswires
July 07, 2025 03:10 ET (07:10 GMT)
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