Riksbank’s Ingves: A rate hike in 2024 is a little far of given the current inflation

Swedish central bank, Riksbank, Governor Stefan Ingves is back on the wires now, via Reuters, expressing his view on inflation and monetary policy.

Key quotes

Reason to believe that inflation is going to pick up in coming months.

A rate hike in 2024 is a little far of given the current inflation.

Hard to know what is going to happen to growth in the shorter term.

With increased uncertainty in financial markets, nothing wrong with having the portfolio we have.

Too early to say what we are going to do with our balance sheet.

Market reaction

EUR/SEK has snapped its rebound, falling back towards five-week lows of 10.46. The spot is down 0.43% so far.

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