Backstrom - Riksbank must 'wait and see' on rates

SWEDEN - The governor of Sweden's central bank said on 18 May the Riksbank would adopt a "wait and see" policy on rates because inflation risks were hard to assess.

"Probably the only way to arrive at a clear assessment of the balance of risks is to wait a while and see in which direction developments appear to be moving," Riksbank Governor Urban Backstrom said in the text of a prepared speech.

"If the storm clouds in the international economic skies were to disperse and growth were to improve,