It will take many years before interest rates reach normal levels, track, Stefan Ingves. The Governor also point to an overheated market which must be cooled immediately.
It will take “several years” before the Swedish inflation has risen in the the extent that interest rates begin to reach a normal level again. It said the Governor Stefan Ingves in an interview with Wirtschaftswoche this weekend, according to Bloomberg News.
He said the less the interest rate in Sweden is justified given the “ultra-loose” monetary policy from the ECB.
He also said he is concerned about the overheated housing market in Sweden and other policy makers should do more to curb the trend of increased lending.
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