Riksbank’s Ingves: Ready to use entire tool box, including the interest rate

Dhwani Mehta FXStreet

The central bank is ready to use the entire monetary policy toolbox, including the interest rate, Stefan Ingves, Governor of Sweden's central bank, Riksbank, said on Wednesday.

Further comments

“Signs of recovery, but will take time.”

“Buying corporate bonds from September because important to have a presence in that market. “

“Will spread purchases in the corporate bond market widely.”

Market reaction

The EUR/SEK pair shrugged-off these comments, as it continues to trade choppy within a range below 10.50. At the press time, the cross trades flat at 10.47.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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