Back
13 Apr 2015
ECB’s QE is impacting SEK in undesirable ways - Riksbank Governor Ingves
FXStreet (Mumbai) - Sweden's central bank is increasingly concerned about the impact of the European Central Bank's (ECB) policies on the nation's currency, the bank's Governor Stefan Ingves told in an interview published on today.
Key Quotes:
"The ECB is operating extremely expansive monetary policies,"
"We don't want our currency to appreciate too strongly and push import prices down. That speaks for negative interest rates,"
Speaking further, Ingves added that Sweden will not enter the euro zone for the foreseeable future.
"That issue is politically dead at the moment,"
"There is no majority in Sweden to enter the euro zone."
Key Quotes:
"The ECB is operating extremely expansive monetary policies,"
"We don't want our currency to appreciate too strongly and push import prices down. That speaks for negative interest rates,"
Speaking further, Ingves added that Sweden will not enter the euro zone for the foreseeable future.
"That issue is politically dead at the moment,"
"There is no majority in Sweden to enter the euro zone."