Swedish Riksbank says rate policy right for now

Sweden's central bank said on Feb 9, 2001 inflation prospects were favourable and its inflation target achievable in coming years, and there was no need right now for further monetary policy measures."Today, inflation prospects seem to be favourable," Riksbank deputy governor Lars Heikensten said in the text of a prepared speech. "It looks as though the inflation target can be fulfilled in the coming years."

The Riksbank targets on average two percent inflation over a business cycle. In

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