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10 Jan 2018
Riksbank's Ingves - Should be possible to raise rates before ECB
Comments from Riksbank Governor and Chairman of the Executive Board Stefan Ingves are crossing the wires via LiveSquawk-
- Should be possible to raise rates before the ECB.
Also minutes of the Dec. 19 meeting released today show-
- Rate rises could begin at a slow pace in mid-2018, which is the same assessment as made at the meeting in October.
- Inflationary pressures remain subdued and so policy normalization is expected to proceed slowly.
- Riksbank's holdings of government bonds will increase temporarily in 2018 and the beginning of 2019.