Low rates likely to persist in global economy, Riksbank’s Ingves says

Stefan Ingves: “For a small, open economy like Sweden’s, the interest rate on a global level is important”

Global financial conditions are likely to remain loose as inflationary pressures remain subdued, the governor of Sveriges Riksbank said in a speech today (March 5).

“The low interest rate environment will probably last for some time to come. Even if interest rates will rise in the near term, it is towards a lower average level than previously,” Stefan Ingves said. “Many central banks, including the Riksbank, have adjusted down their assessments of long-term policy rate levels.”

The Swedish

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