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Riksbank’s Deputy Gov Skingsley: See December or February as the options for a rate hike

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.

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