Riksbank's Ingves says monetary policy needs to remain cautious moving foreward

Sweden CB's Ingves on the wires 1 March

  • if SEK strengthens too fast inflation won't reach 2%
  • not good enough with 2% inflation for one month only
  • current inflation is lower than we expected
  • services prices going in wrong direction

USDSEK trading near off 8.2730 session lows at 8.2811 after another steady retreat from 8.30

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