Riksbank deputy flags danger of leaning against the wind

Ekholm says executive board's decision not to cut interest rates is a 'contributory factor' to low inflation


Karolina Ekholm, a deputy governor of the Sveriges Riksbank, today spoke out against the central bank's policy of 'leaning against the wind', using monetary policy to try to tackle high household indebtedness.

Sweden has been struggling with the twin problems of below-target inflation and low capacity utilisation, balanced by high debt levels. In remarks to the Confederation of Swedish Enterprise in Stockholm, Ekholm said the executive board's decisions not to cut interest rates had been a

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