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MNI INTERVIEW: Krona A Factor In Riksbank Cut Timing - Thedeen

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The Riksbank will have to consider the ECB and the krona as it decides when to make its first cut of the cycle, its governor says.

The Riksbank will take account of the interplay between the exchange rate and European Central Bank monetary policy when it decides whether to make its first policy rate cut of the cycle in May or June, Governor Erik Thedeen told MNI on Tuesday.

The Swedish central bank chief said ECB signalling, which currently points to a likely cut in June, could have a spillover effect for the krona.

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The Riksbank will take account of the interplay between the exchange rate and European Central Bank monetary policy when it decides whether to make its first policy rate cut of the cycle in May or June, Governor Erik Thedeen told MNI on Tuesday.

The Swedish central bank chief said ECB signalling, which currently points to a likely cut in June, could have a spillover effect for the krona.

Keep reading...Show less