In Sweden we have minutes from the last monetary policy meeting (with the surprising decision to extend the QE programme) released on Wednesday (at 09:30 CEST).
Thursday (at 09:30 CEST), we receive the April inflation data. In short, we expect inflation to take a leap up, above the Riksbank's forecast, as we expect an abnormally high monthly increase in April. However, all this should return to normal and we estimate that inflation will fall below the Riksbank's forecasts and that the gap will gradually increase.
In Norway , the most important economic variable right now is inflation and figures for April are released on Wednesday. We estimate core inflation climbed to 1.9% y/y in April. However, this would again be well below Norges Bank's projections in the last monetary policy report (2.11% y/y).
In Denmark , Wednesday brings inflation figures for April. The March result was pulled down slightly by a fall in food prices following the end of the winter vegetable shortage brought on by bad weather in southern Europe. We estimate this effect continued into April and predict inflation of 0.1% m/m and 1.0% y/y.
To read the entire report Please click on the pdf File Below