Sweden’s Riksbank is as likely to raise its benchmark rate as to keep it unchanged, and could take action if the krona weakens again or if there are other signs that inflation is picking up once more, said Governor Erik Thedeen.
The Swedish central bank this week left its benchmark rate unchanged at 4%, marking the first break in a tightening campaign that’s dented consumption and led to a plunge in housing construction in the Scandanavian country.
Read More : Riksbank’s Thedeen Views 50-50 Probability for Another Rate Hike