FX

Riksbank’s Floden: Inflationary pressure remains low

Riksbank’s, Sweden’s Central Bank, Deputy Governor Martin Flodén said on Monday that they see no problems at all currently in the credit market in Sweden, as reported by Reuters.

While commenting on inflationary pressures, Floden noted that they remain low in the country.

Market reaction

The EUR/SEK pair, which touched a fresh weekly high of 10.1039 earlier in the day, edged slightly lower following these comments and was last seen trading at 10.0890, where it was still up 0.38% on a daily basis.

Articles You May Like

5 reasons why gold miners make more money than gold investors
TSMC posts fastest monthly revenue growth since 2022 on AI chip boom
Wholesale prices rose 0.2% in March, less than expected
Apple supplier Foxconn posts 9% fall in first-quarter revenue, sees growth ahead
Dow Jones technical analysis – a junction of a retest.

Leave a Reply

Your email address will not be published. Required fields are marked *