Swedish c.bank Governor Thedeen says still reasons to expect a stronger crown

Kitco Media
By Reuters
Published:
Updated:
Reuters
STOCKHOLM, April 26 (Reuters) - The Swedish crown should become stronger and if it does not, that could affect monetary policy further ahead, Riksbank Governor Erik Thedeen said on Wednesday. "We believe in, and want to have, a stronger crown," Thedeen told reporters after the Riksbank announced a half percentage point rate hike to 3.50%. "If that were not to happen over time, that could have significance for monetary policy because a weaker crown could lead to higher inflation."
(Reporting by Stockholm Newsroom; editing by Niklas Pollard)

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