Profit rush, house prices and inflation. These are the most important events of the coming week.

Normally, there is talk of the “spring release” of housing in April. Knudsen comments that this year there is so much for sale in the housing market that it is more like a spring flood.

– Now we really get to see how frightened people really are by the interest rate jumps and whether they are still willing to pay. The housing market has fared much better through the interest rate jumps than most had feared. If house prices also hold through these spring months, the danger of a major price drop is considerably less than many have feared, he says.

Is Sweden cutting interest rates?

The Swedish Riksbank has an interest rate meeting on Wednesday at 09.30. In the monetary policy report from March, the Riksbank suggested that the interest rate could be cut as early as May or June.

The situation in the neighboring country is different from here at home, where the property market has been strongly affected at the same time as unemployment has increased and inflation has fallen.

– This prepares the ground for interest rate cuts. It is approximately 50/50 for unchanged or interest rate cuts at this meeting, so this will be exciting. In that case, it will be the first of the central banks that mean a lot to us to cut the interest rate, says Knudsen.

– If they don’t cut now, there is a good chance that they will cut at the next meeting on 26 June, i.e. just after Norges Bank’s interest rate meeting on 20 June, he says.

Norwegian inflation

On Friday at 08.00, Statistics Sweden (SSB) will present inflation figures for April.

– Previous figures were a positive surprise with lower inflation than Norges Bank’s estimate. But since then there has been a push in most other areas with regard to interest rate cuts, says Knudsen.

According to the chief economist, Norges Bank estimates 3.5 per cent for overall inflation and 4.2 per cent for core inflation in the second quarter.

He believes that the inflation figure will be the last straw to be able to hope for an interest rate cut in September.

– If there is to be a chance of cuts in September, this figure must also be lower than Norges Bank’s estimate, says Knudsen.