Hope is the last to abandon man

Now on Friday, June 14, the Swedish inflation rates for May 2024 will be presented. The market expects inflation to have fallen further and is in line with Riksbanken's inflation target for CPIF of 2%. This expectation is based on the weak demand from Swedish households, which has been exacerbated by the fact that wage increases are relatively low and that the weakening of the krona has slowed down.

The fly in the ointment is the hotel and plane ticket prices, which increased due to the Eurovision Song Contest and Ms. Taylor Swift's concerts in Sweden, which attracted a very large numbers of people from all corners of the world.

Inflation rates that are in line with Riksbanken's target increase the chances of a reduction in the Swedish policy rate at the next monetary policy meeting on 27 June 2024.