Riksbank prepared to ‘instantly intervene’ in krona
Governor and first deputy handed power to determine details of interventions
Sveriges Riksbank's executive board handed the governor and first deputy governor the power to "instantly intervene" in foreign exchange markets today (January 4), during an unscheduled monetary policy meeting.
Governor Stefan Ingves and first deputy Kerstin af Jochnick can now decide "the details with regard to possible interventions" to hold down the value of the krona. During the past month the Swedish currency has risen strongly, and the Riksbank fears further strength could cut short
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Most read
- Central banks prepare for the rise of AI
- BIS’s Zhang Tao on why Asian central banks favour a broader policy mix
- Central bank of the year: Central Bank of Brazil