Riksbank’s Ingves: Rate cut not on agenda at the moment

Following the Swedish central bank’s, Riksbank, monetary policy announcement, its Governor Stefan Ingves said that rate cut is not on the agenda at the moment.

Additional Headlines:

There is no mechanical connection between what ECB and Fed do to what Riksbank does.

We don't see a sharp downturn ahead of us.

Crown weakness has not played a significant part in policy decision.

The Riksbank left the benchmark Repo rate unchanged at -0.25% earlier today, as widely expected.