- Headline inflation eases, but stays above the Riksbank's forecast amid still-strong underlying inflation
- But the tide is turning, as the cooling economy erodes the 2020 inflation outlook
- Hence, we stick to our call that the Riksbank will be forced to cancel its rate-rise plan
- CPI-ATE down to 2.2% in July, burdened by domestic factors
- Core inflation trending downward
- Norges Bank will have to call off planned policy rate hike(s), in our view
- Inflation to ease slightly, but remain above Riksbank forecast, for now
- With the cooling Swedish economy, even late-cyclical inflation indicators are now starting to roll over, dampening 2020 outlook
- This turning tide is central to our view that the Riksbank eventually cancels all planned rate rises
- Moderate upward price trend in the housing market
- Housing prices running somewhat below the nominal wage growth rate
- CPI-ATE close enough to Norges Bank’s short-term estimates
- Slower GDP growth illustrates euro area struggle
- Inflation remains subdued, unemployment stays flat
- Concerns over recent data feeds expectations of fresh stimulus from the ECB
- Inflation at lowest since early 2018, marking the start of a longer fall
- Will the Riksbank Executive Board look through this soft patch driven by energy prices?
- More dark clouds forming on the horizon - we stick to our forecast that the Riksbank will cancel planned rate rises