Riksbank’s Floden: Inflationary pressure remains low

Riksbank’s, Sweden’s Central Bank, Deputy Governor Martin Flodén said on Monday that they see no problems at all currently in the credit market in Sweden, as reported by Reuters.

While commenting on inflationary pressures, Floden noted that they remain low in the country.

Market reaction

The EUR/SEK pair, which touched a fresh weekly high of 10.1039 earlier in the day, edged slightly lower following these comments and was last seen trading at 10.0890, where it was still up 0.38% on a daily basis.

Articles You May Like

GBP Bounces on CPI, NZD Down after RBNZ
Two reasons the EUR is unlikely to see sustained appreciation – Goldman Sachs
Next week is a short one in the US, but it will be a busy one
ForexLive Asia-Pacific FX news wrap: Tokyo core-core CPI hits a 40 year high
Forex Markets Stable, Focus Turns to Global PMI Data

Leave a Reply

Your email address will not be published. Required fields are marked *