Sweden’s Ekholm not in favour of current account targets


Although underlying imbalances in the economy give rise to deficits and surpluses, targets for how large they can become should not be implemented, Karolina Ekholm, a deputy governor at the Riksbank, said on Monday.

At the Stockholm Chamber of Commerce in Sweden, Ekholm said: "There is currently a widely-held view that the large current account surpluses and deficits make the global economy vulnerable, and that they should therefore be reduced."

She added: "Although it may be underlying

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