Riksbank’s Skingsley reiterates forecast is to raise interest rates

Cecilia Skingsley, Deputy Governor of the Sveriges Riksbank, Sweden’s Central Bank, is on the wires now, commenting on the inflation and interest rates outlook.

Key Headlines:

Reiterates able to raise rates with CPI below target.

Jan inflation data deviated from forecast due to volatile components.

Lack of large increase in spreads vs. German bonds indicate there is confidence in the Swedish economy.