Ingves: Riksbank prepared to launch currency interventions
Swedish governor says central bank prepared to take unconventional measures in light of falling oil prices
Sveriges Riksbank stands ready to launch currency interventions as a "final resort" if falling oil prices put additional pressure on Sweden's feeble inflation rate, governor Stefan Ingves has said.
Speaking today following the Riksbank's monetary policy meeting, in which it extended the period the repo rate is expected to remain at 0% until late 2016, Ingves said the central bank is prepared to take "further measures" as early as February.
"If more is needed, we will do more," Ingves said. "We
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