Forget the bigger-than-forecast drop in U.S. retail sales, the surprising tumble in U.K. inflation to a five-year low, and the slide in German investor confidence. For central banks around the world, the most informative piece of economic data released anywhere this week was the news that Swedish consumer prices fell 0.4 percent in September from a year earlier. The seventh monthly decline of the year leaves the Riksbank dicing with deflation. The world’s oldest central bank has already undershot its 2 percent inflation target for almost three years, and is now poised to respond by the end of this month by cutting ... (full story)