Riksbank’s Floden says they can probably raise rates before ECB

Swedish CB deputy gov Floden out with a few comments 22 March

That’s not setting the bar very high eh?!

• growth in Sweden is good, underlying strength
• surprised by big decline in unemployment, may be seasonal factors
• we are happy about inflation being near target
• need to continue with current strategy
• keeping up inflation is best way back to higher rates

SEK finding a bit of demand on the hawkish tones. EURSEK down to 10.1069 from 10.1140