Macro Strategy Views Podcast: Inflation – The Force Awakens
In our weekly podcast, Macro Strategy Views, we focus on topical macro and market themes targeting investors and trading corporates. Today, we focus on inflation and central banks in Norway and Sweden. Thomas Harr, Global Head of FI&C Research, chairs today’s podcast and our Chief Economist in Norway, Frank Jullum, joins him. We expect Norges Bank to hike rates by 25bp to 75bp on Thursday and we think the central bank will lift the rate path substantially. We expect the NOK and short-term interest rates to rise in Norway. Sweden is trickier, but the weak exchange rate should feed into higher imported inflation in coming months. We are short-term bullish on the SEK.