Ingves, governor of the Sveriges Riksbank and chairman of the Basel Committee, poses for a photograph at the Basel III Symposium in Frankfurt. — Bloomberg
STOCKHOLM: Sweden’s central bank just can’t get enough inflation.
Having held their key rate at minus 0.5%, policy makers in Stockholm again pushed back a plan to raise interest rates for the first time in seven years, announcing yesterday they don’t see a tightening until “towards the end of the year”. (That compares with an earlier assessment of the second half of this year.)
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
