Just as policymakers at the ECB are becoming more concerned about inflation expectations, the rise in expectations in Sweden is giving the Riksbank plenty to fret about too. The Bank’s preferred measure – gleaned from a survey of money market participants over a five-year horizon – jumped from 2.2% in April to 2.4% in May. (For context, the previous series high was 2.3%, set in September 2009.)
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