Deputy Governor of the Riksbank, Swedish central bank, Kerstin af Jochnick was out on the wires in the last hour, saying that rate path shows probability for October rate hike as Sweden’s economy is doing well, in line with forecasts.
Key quotes:
“¢ Will return in September with a new assessment.
“¢ Wants to see broader inflation in the economy.
“¢ Inflation just over 2% is very good.
“¢ We don’t need to slavishly follow the ECB.
“¢ Risks abroad no immediate effects on Sweden.
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