OctaFX | OctaFX Forex Broker
Open trading account

Riksbank's Ohlsson: Negative rates can lead to build-up of financial risks

Negative rates shouldn't be used unless it's absolutely necessary as they can lead to a build-up of financial risks, Swedish central bank (Riksbank) Deputy Governor Henry Ohlsson argued on Friday while speaking to reporters at a conference in Stockholm.

"If there is a crisis, then we can make monetary policy more expansive but we need to look at the whole toolbox," Ohlsson added. "I don't think that the monetary policy should react to changes of tenths of percentage points one way or the other."

EUR/SEK reaction

The EUR/SEK pair edged slightly lower following these comments and was last seen trading at 10.5691, down 0.1% on the day.

USD/INR New York Price Forecast: Dollar advances vs. rupee, challenges 72.00 figure

After the 2018 bull-market, the USD/INR has been consolidating in a rectangle formation. The spot is trading above its main weekly simple moving averages (SMA
Read more Previous

ECB's Lane: PMI data largely in line with latest ECB forecasts

The PMI data that was published earlier today were largely in line with the European Central Bank's (ECB) latest forecasts, ECB chief economist Philip
Read more Next
Start livechat