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MNI BRIEF: Riksbank Unlikely To Need To Sell Assets- Skingsley

(MNI) London

Riksbank Deputy Governor Cecilia Skingsley says it can shrink its balance sheet swiftly without asset sales

Sweden’s Riksbank will be able to diminish its asset portfolio swiftly without having to switch to active sales, Deputy Governor Cecilia Skingsley said in a speech.

Most of the assets it has purchased will mature within three years and "this makes it unlikely that the Riksbank will need to sell securities to shrink the portfolio," Skingsley said, at Handelsbanken in Stockholm

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Sweden’s Riksbank will be able to diminish its asset portfolio swiftly without having to switch to active sales, Deputy Governor Cecilia Skingsley said in a speech.

Most of the assets it has purchased will mature within three years and "this makes it unlikely that the Riksbank will need to sell securities to shrink the portfolio," Skingsley said, at Handelsbanken in Stockholm

Keep reading...Show less