Riksbank's Skingsley: will move to raise rates if economy develops as expected

Haresh Menghani FXStreet

Riksbank Deputy Governor Cecilia Skingsley, during a presentation in Malmo on the economic situation and current monetary policy, was noted saying that Sweden's central bank needs to be careful when thinking about rate increase.

Additional quotes:

• Underlying inflation continues to be low.
• Wants inflation to remain near 2%.
• Important that service prices don't become too low.
• Will move to raise rates if economy develops as expected.
• Forecast is that rate will be raised this year.

Author

Haresh Menghani

FXStreet

Haresh Menghani is a detail-oriented professional with 10+ years of extensive experience in analysing the global financial markets.

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