Following the Swedish central bank’s, Riksbank, monetary policy announcement, its Governor Stefan Ingves said that rate cut is not on the agenda at the moment.
Additional Headlines:
There is no mechanical connection between what ECB and Fed do to what Riksbank does.
We don’t see a sharp downturn ahead of us.
Crown weakness has not played a significant part in policy decision.
The Riksbank left the benchmark Repo rate unchanged at -0.25% earlier today, as widely expected.