Stefan Ingves, Governor of Sweden’s central bank (Riksbank), said on Tuesday that they shouldn’t put too much weight in a single month’s inflation figures, as reported by Reuters.
Additional takeaways
“Inflation expectations are well-anchored.”
“If we have a period of inflation over 2%, I don’t see that as being a problem, it’s hard to put a figure on it.”
“If inflation expectations are stable, it’s not a problem with higher actual inflation.”
“Most likely, we would do a mix of more QE and rate cut if we needed to do more but that would depend on developments in the economy.”
Market reaction
The EUR/SEK pair showed no immediate reaction to these comments and was last seen losing 0.12% on the day at 10.1420.
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