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

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.

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.