7 Mar 2019
Riksbank's Ingves: Reasonable that SEK will slowly strengthen
The Swedish central bank - Riksbank Governor Stefan Ingves crossed the wires in the last hour and said that the central bank may change the number of meetings from 2020.
Key quotes:
• Think that 5 meetings a year about the right number to be able to conduct a well balanced monetary policy.
• Reducing the number of meetings would free some resources.
• Repo rate path is forecast, not a promise.
• Should not focus too much on January inflation figures.
• It is reasonable that SEK will slowly strengthen.
• Do not have a target for the exchange rate.