The post Sweden’s CPIF inflation surprises above expectations – ING appeared on BitcoinEthereumNews.com.

Sweden’s October CPIF inflation came in hotter than expected, reinforcing the Riksbank’s cautious stance on further rate cuts, ING’s FX analyst Francesco Pesole notes. EUR/SEK reaction muted as markets adjust slowly “In Sweden, CPIF inflation for October came in a bit hotter than expected at 3.1%, with core also slightly above consensus at 2.8%. This broadly endorses the Riksbank’s unchanged message yesterday: the bar for another cut is high.” “The EUR/SEK reaction has been small as markets were pricing in little to no chance of more cuts ahead. Anyway, the data modestly reinforces our bearish EUR/SEK view. We are now targeting a return to 10.90 in the near term.” Source: https://www.fxstreet.com/news/swedens-cpif-inflation-surprises-above-expectations-ing-202511060946

---

Filed under: News - @ November 6, 2025 11:28 am