The Riksbank is clearly much more worried about inflation than financial markets or analysts appear to be. The Riksbank has stated it will deliver hikes in September (4) and October (23). The main reason of course being higher inflation on oil/fuel and food, etc. The oil price is expected to remain around USD140/bl until 2011. The most interesting aspect, in our view, is that the Riksbank has repositioned itself (again) as an 'inflationnutter'. Indeed, if our forecasts are correct, with higher Read More...

Filed under: Fundamental