Markets

Riksbank's Ingves says forex intervention is "completely possible"

Swedish central bank gov on the wires

  • if krona appreciates too much then Riksbank will act

Another heads up to our SEK traders following the decision earlier to keep rates on hold

  • -0.35% is not a floor for the repo rate
  • decision to keep rates on hold not related to oil price
  • it's important that demand in the economy is rebalanced
  • sees no signs that inflation will not accelerate
  • inflation not yet at the level desired

USDSEK currently 8.4160 EURSEK 9.6262

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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