Sweden Prices Fall for First Time Since 2009 as Europe Weighs

[Takeda Shingen]

“The Riksbank will cut rates in December” as Sweden is“heading towards deflation,” said Per Sellden, an analyst at Swedbank AB (SWEDA) in a note before the report. “Inflation is already at low levels and is expected to be low for a long time.”
The Riksbank in October signaled a 28 percent likelihood it will cut interest rates for a fourth time in less than a year next week as slowing demand for its products from Europe puts a lid on economic activity in the largest Nordic country, which exports about half of its output. About 70 percent of exports go to Europe where countries are cutting spending to reduce debt.

http://www.bloomberg.com/news/2012-1...pe-weighs.html

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