Sweden's Riksbank holds rates, but new deputy dissents

stefan-ingves
Stefan Ingves

Sweden's Sveriges Riksbank today kept its main interest rate unchanged at 1% in a 4–2 vote that saw new board member Martin Flodén join Karolina Ekholm in advocating a 25-basis point cut.

Flodén, a former economics professor at the University of Stockholm, joined the Riksbank's general council in late May together with Swedbank chief economist Cecilia Skingsley, succeeding Barbro Wickman-Parak and the outspokenly dovish Lars Svensson.

"Martin Flodén sticks his neck out immediately," says Erica B

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