Sweden CPIF YoY
According to Riksbank, the consumer price index with a fixed interest rate, or the CPIF, is used as the target variable for the inflation target as of September 2017. From a monetary policy standpoint, one downside of the CPI is that it is directly influenced by changes in the policy rate, according to the central bank. Through their effect on mortgage rates, these modifications have a significant and direct effect on the CPI that is unrelated to underlying inflationary forces.
A higher than expected figure should be seen as positive (bullish) for the SEK while a lower than expected figure should be seen as negative (bearish) for the SEK.
Forex Sentiment (SEK)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| EURSEK |
|
|
11.5193 -1527 pips |
11.6248 +472 pips |
11.6720 | |
| USDSEK |
|
|
10.5868 -2456 pips |
10.8868 -544 pips |
10.8324 | |
| GBPSEK |
|
|
13.2590 -3131 pips |
13.7155 -1434 pips |
13.57205 | |
| SEKJPY |
|
|
0 -1435 pips |
14.3397 +1 pips |
14.350 | |
| NOKSEK |
|
|
0.9959 -28 pips |
1.0369 -382 pips |
0.9987 |
News (SEK)
Sweden Central Bank Hints At Two More Rate Cuts This Year
Sweden's central bank lowered its policy rate for the first time in eight years and signaled another two more rate reductions during the second half of the year as inflation approaches the target of around 2 percent amid the weak economic activity. The executive board of the Riksbank, led by Governor Erik Thedeen, decided to lower the policy rate by 25 basis points to 3.75 percent.
RTTNews | 2 days ago
Sweden Central Bank Likely To Start Cutting Rates In May
Sweden's central bank indicated that it will cut the interest rate in May or June as the economy is expected to remain mired in recession, provided the inflation prospects remain favorable. The Executive Board of Riksbank decided to hold the policy rate at 4.00 percent on Wednesday, as expected. It is likely that the policy rate can be cut in May or June if inflation prospects remain favorable.
RTTNews | 44 days ago
Riksbank Says Rate Cut Possibility In H1 Cannot Be Ruled Out
Sweden's central bank on Thursday left its key interest rate unchanged for a second straight session, as expected, and suggested that a rate cut would be possible in the first half of the year. The Executive Board of the Sveriges Riksbank, led by Governor Erik Thedeen, left the key policy rate steady at 4.00 percent.
RTTNews | 99 days ago
