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Riksbank, the Swedish central bank’s Deputy Governor Cecilia Skingsley was out on the wires in the last hour, saying that international cooperation may be difficult in the next crisis.

Key quotes:

   “¢   Cannot simply count on other countries to come to the rescue.  
   “¢   Need to consider the size of FX reverse.
   “¢   Longer we are at CPIF target, the less worrying the underlying picture is.
   “¢   If we raise rates we won’t be tightening policy but in fact, reducing the expansion.
   “¢   We are fairly near to the first rate hike if the economy develops as expected.
   “¢   We still see December or February as the options for a rate hike.