Sweden Inflation Undershoot Raises Riksbank Easing Prospects [Financial Post (Toronto, Ontario, Canada)]
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Sweden's inflation rate fell further from the Riksbank's target in August, increasing the likelihood that officials will speed up an easing campaign to aid a sputtering economy. The CPIF measure of annual price increases fell to 1.2% last month, according to a release published Thursday by Statistics Sweden. That's the lowest reading in almost four years, and marks a third consecutive month of inflation below the 2% target. It was also lower than economists' expectations for a 1.4% gain as well as the Riksbank's 1.7% estimate. The data comes as central banks across the developed world are making policy less restrictive or preparing for it, with the Riksbank weighing whether to cut its benchmark rate by two or three quarter-point moves in the three remaining meetings this year. The European Central Bank is widely expected to lower its key rate ag
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