Riksbank’s Ingves: Rates will need to be raised slowly in coming years

The Swedish central bank, Riksbank, Governor Stefan Ingves, was on the wires last minutes, via Reuters, making some comments on the monetary policy and the economy at the press conference following the interest rate decision.

Key Headlines:

Uncertainty on Brexit, US-China trade tensions remain.

Slowdown especially clear in Euro area.

Not much has happened since December.

Swedish economy is still strong - we are coming from very strong economic levels.

We continue to see high pressure on Swedish labour market.

There are good conditions for inflation to remain around 2pct.

Rates will need to be raised slowly in coming years.

We have to live with krona going up and down.