Higher Sweden inflation suggests Riksbank stays sidelined in July

There is still no telling whether the Riksbank will announce further measures at the monetary policy meeting scheduled for July 1st or whether it will do so later on. 

It is a close call but the most likely outcome at this juncture is that the Riksbank stays sidelined at the July meeting. 

The main reason is that inflation has picked up. CPIF-inflation stood at 1.0% in May, 0.1% point above the Riksbank's forecast, says Nordea.