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Riksbank’s Ingves: Monetary policy needs to remain expansionary to facilitate the recovery

The Swedish economy has withstood the second wave of covid infection relatively well, Riksbank’s Governor Stefan Ingves said in a statement ahead of regular parliament hearing on Tuesday.

 He added that there is still considerable uncertainty and that the monetary policy needs to remain expansionary to facilitate the recovery and contribute to inflation rising towards the target.

 

more to come …

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