Riksbank governor stresses Swedish banks’ strength
Thedéen says “inflation needs to come down significantly” in 2023
Swedish banks should be strong enough to withstand US and European lenders’ instability, Sveriges Riksbank governor Erik Thedéen said in a speech on March 23.
A full-blown international financial crisis is unlikely, he said. However, “although the situation has become a little calmer, there is underlying concern that the problems will spread to other banks and further into the financial system”, he warned.
Thedéen stressed Swedish banks are profitable, with record levels of adequate liquidity
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