UPDATE 1-Swedish c.bank chief says inflation too high

[ASFN Admin]

Sweden's central bank governor Erik Thedeen said on Tuesday that inflation is still far too high and that monetary policy needs to act to bring inflation back to 2% within a reasonable period of time. Thedeen also commented on the ongoing turbulence in the U.S. banking sector following the collapse of SVB Financial Group. "We are following developments in the financial markets, and we currently consider there to be no risk to financial stability in Sweden," the governor said.

Continue reading...