No inflation scare in Scandinavia or Switzerland…

No inflation scare in Scandinavia or Switzerland…

If there is a global inflation scare, the Scandinavians are yet to get the memo. In a week when we learnt that core inflation hit a 28-year high in the US in May, we also learnt that the core inflation rate fell to very low levels in both Norway and Sweden. Nonetheless, with the Norges Bank is likely to be the first major advanced-economy central bank to raise interest rates we will be hosting a twenty-minute “drop in” on the outlook for Norway after next Thursday’s Norges Bank meeting – you can register for it here.
Andrew Kenningham Chief Europe Economist
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