Comments by Riksbank deputy governor Cecilia Skingsley
- Forecast is rate will be raised at the end of the year
- Want to be sure that "we're on firm ground" before raising rates
- Main forecast is for no more bond purchases
- Can raise repo rate even if growth slows
Following the dissent by Floden yesterday, the SEK is now posting further gains against the EUR with EUR/SEK now falling to below 10.24 now.
Skingsley's comments are nothing new (she has mentioned the October comments in May), but just that the continued hawkish rhetoric is playing into trading sentiment right now and that is helping to relieve some pressure on the SEK temporarily.
