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Inflation in March: Riksbank to delay rate hike

  • Inflation back in line with Riksbank forecast
  • Driven by surprisingly high energy prices; underlying inflation also looks decent
  • Riksbank to delay rate hike, as core inflation disappointment tips the balance

Johan Löf

Senior Economist

Sweden

jolo22@handelsbanken.se

Latest analyses

2018-04-12

Fast Comment Sweden

2018-04-05

Fast Comment Sweden

2018-03-29

Fast Comment Sweden

Latest publications in

Fast Comment Norway — Preview: Registered unemployment in April; LFS unemployment in February

  1. Registered unemployment has been a little higher than Norges Bank expected; will the "gap" close?
  2. Survey unemployment has been little changed since August last year...
  3. ...and we expect an unchanged reading again this time

Marius Gonsholt Hov, Senior Economist | maho60@handelsbanken.no

Fast Comment Norway — Still optimism in manufacturing, but momentum appears to be peaking

  1. Industrial confidence indicator at 6.3 in Q1, marginally down from 6.4 in Q4 2017
  2. Somewhat below market expectations
  3. The outlook remains positive, but the momentum appears to be peaking

Marius Gonsholt Hov, Senior Economist | maho60@handelsbanken.no

UK Comment — UK retail sales even weaker than expected in March

  1. Annual retail sales growth down to 1.1% in March
  2. Sales affected by bad weather, but underlying trend also deteriorating
  3. Sentiment suggests little momentum ahead

Kari Due-Andresen, Chief Economist Norway | kadu01@handelsbanken.no

Fast Comment Norway — Norges Bank's Survey of Bank Lending: increased demand for fixed-rate loans

  1. Credit standards broadly unchanged, as expected
  2. And expected to remain so ahead
  3. Increased demand for fixed-rate loans

Marius Gonsholt Hov, Senior Economist | maho60@handelsbanken.no

UK Comment — UK inflation weaker than expected in March

  1. CPI inflation down to 2.5 percent and core CPI inflation down to 2.3 percent in March - weaker than expected
  2. Cost pressure still high, but trending downward
  3. Inflation not weak enough to prevent rate hike in May

Kari Due-Andresen, Chief Economist Norway | kadu01@handelsbanken.no