Global: Inflation Expectations Monitor
Global: Inflation Expectations Monitor
The credibility of monetary anchoring is vital to the central banks. One important indicator of credibility is inflation expectations. Current elevated headline inflation has made monitoring of expectations even more important. This monthly monitor tracks developments in the most recognised measures of inflation expectations in the US, Euroland, the UK, Norway and Sweden.
Consumer’s short- and long-term inflation expectations have continued to trend higher in most countries over the recent months. Particularly the upward move in consumers’ long-term inflation gauge is of importance for the central banks.Forecaster’s inflation expectations generally remain relatively stable across the surveyed countries. The only exception is Sweden, where the Prospera five-year inflation forecast continues to move higher.Market-implied long-term inflation expectations have been increasing over the past few months. France and the UK show the highest reading for the year, while the US and the Swedish market have not yet moved above recent highs.
Danske Bank
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