Riksbank's Floden: Inflationary pressure remains low

Eren Sengezer FXStreet

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.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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