SEK Strengthens On Higher Inflation Path

This morning’s Swedish CPI came in at a firmer than expected 0.2% MoM, 0.9% YoY, against consensus estimates for 0.1% MoM, 0.7% YoY. Indeed today’s reading brings the annualized headline CPI surging back into positive territory for the first time since April 2009 and seems to confirm suspicions that the Riksbank’s current inflation forecast is incorrect. The steady increase in CPI from Sweden

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