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: Outlook For Swift Recovery In Sweden Confirmed: Survey (RTTNews) - Wednesday, a survey from the TNS SIFO Prospera showed that Money Market Players´ anticipation of a swift recovery of the Swedish economy, witnessed in the last survey, was further confirmed. The survey showed that money market players expect the GDP to grow almost twice as much in the year to come. For the first year, participants saw 1.7% growth in the November survey compared to 0.9% seen in the fourth quarter survey. Growth is seen rising to 2.6% in coming two years and 2.6% in three years. The latest survey showed that participants expect inflation of 1.3% in the coming one year, 2.2% in two years and 2.3% in three years. Money market players' estimated that the central bank's key interest rate would be 1.1% in 12 months and 2.7% in 24 months. On October 14, the fourth quarter expectations survey had shown the repo rate at 1% in 12 months and 2.4% in 24 months. The Executive Board of the Riksbank held the repo rate unchanged at a record low of 0.25% in October. The central bank added that the forecast for the repo rate also remains unchanged, and the repo rate is expected to remain at this low level until autumn 2010. Further, survey participants expects the Swedish krona to strengthen further against EUR and USD. Eighty-six percent of the money market players believe that the inflation in the second year from now will stay within the Riksbank's 1%-3 % tolerance band. TNS SIFO Prospera has been commissioned by Riksbank to undertake a series of surveys, twelve times a year, aiming at mapping expectations of inflation, GDP and future repo rates in Sweden among money market players. |
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