Swedish CPI inflation report for May was released today at 7:00 am BST and turned out to be a hawkish surprise. Headline CPI inflation slowed much less than expected, while core CPI unexpectedly accelerated to 3.0% YoY. SEK moved sharply higher following the release with EURSEK dropping around 0.3%. However, big part of the move has been erased already.
Markets are pricing in more than a full rate cut from Riksbank by August. However, higher and persistent inflation may change Banks plans and they may communicate it on the June meeting.
เริ่มเทรดทันทีวันนี้ หรือ ลองใช้บัญชีทดลองแบบไร้ความเสี่ยง
เปิดบัญชี ลองบัญชีเดโม่ ดาวน์โหลดแอปมือถือ ดาวน์โหลดแอปมือถือSweden, CPI inflation for May
- Headline (annual): 3.7% YoY vs 3.5% YoY expected (3.9% YoY previously)
- Headline (monthly): 0.2% MoM vs -0.1% MoM expected (0.3% MoM previously)
- Core (annual): 3.0% YoY vs 2.7% YoY expected (2.9% YoY previously)
- Core (monthly): 0.8% MoM vs 0.5% MoM expected (0.4% MoM previously)
Source: xStation5
