Riksbank's Floden: Inflationary pressure remains low

Riksbank’s, Sweden's Central Bank, Deputy Governor Martin Flodén said on Monday that they see no problems at all currently in the credit market in Sweden, as reported by Reuters.

While commenting on inflationary pressures, Floden noted that they remain low in the country.

Market reaction

The EUR/SEK pair, which touched a fresh weekly high of 10.1039 earlier in the day, edged slightly lower following these comments and was last seen trading at 10.0890, where it was still up 0.38% on a daily basis.