Swedish central banker questions efficacy of more rate cuts

Mr Floden is also sceptical about currency intervention, saying that in a strictly technical sense, the central bank could probably cut the repo rate quite a lot further, but the question is in what way this would be beneficial for the economy, the business cycle and contribute to higher inflation. "Currency interventions with the purpose of weakening the exchange rate to bring up inflation take place at the expense of other countries," he added.



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