Expectations among investors and traders for Swedish inflation have cooled since Britain voted to leave the European Union, according to TNS Sifo Prospera. Its latest survey sees Sweden’s consumer price index at 1.9 percent in five year’s time, compared with 2 percent in June. Robert Bergqvist, chief economist at SEB, says that’s not good news for the central bank, which is struggling to meet its 2 percent inflation target despite negative rates and plenty of quantitative easing.

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