Riksbank's Ingves: current inflation is lower than we expected

Stefan Ingves, the Governor of Sveriges Riksbank, the central bank of Sweden, was out on the wires in the last hour, saying that monetary policy needs to remain cautious moving forward.

Key quotes:

   •  If SEK strengthens too fast inflation won't reach 2%

   •  Not good enough with 2% inflation for one month only

   •  Current inflation is lower than we expected

   •  Services prices going in wrong direction