Swedish c.bank's Floden says does not see rate cut in period ahead

Kitco Media
By Reuters
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Updated:
Reuters
STOCKHOLM, May 9 (Reuters) - Sweden's central bank is nearly at the end of its cycle of rate hikes and inflation should come down, but it is too early to talk about a rate cut in the period ahead, central bank Deputy Governor Martin Floden said on Tuesday. "I, personally, don't see a rate cut for a reasonable time ahead," Floden said during a presentation. Inflation is expected to fall, but price pressures will remain strong for a while, he said.
(Reporting by Simon Johnson; editing by Johan Ahlander)

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