Swedish Central Bank (Riksbank) Governor Stefan Ingves was out on the wires in the last hour, saying that the trend of constantly rising inflation has now been broken though it continues to develop in line with our target of 2%.
Key quotes:
“¢ Smaller steps that 25bps have no major economic relevance.
“¢ Natural to have a higher interest rate in Sweden than the ECB’s interest rate.
“¢ How much higher is an open question.
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