- Riksbank’s Ingves: Inflation will most likely rise further
Market news
16 March 2022
Riksbank’s Ingves: Inflation will most likely rise further
Swedish central bank, Riksbank, Governor Stefan Ingves predicts a rate-hike before 2024.
“Inflation will most likely rise further,” adds Riskbank’s Ingves during a speech on early Wednesday morning in Asia.
EUR/SEK extends fall towards daily low
Following the news, EUR/SEK prices stretch the latest pullback from intraday high, down 0.14% daily near 10.51 at the latest.
It’s worth noting that the market’s near-term direction remains sluggish of Fed and hence the sellers’ latest dominance remain doubtful.
Read: EUR/SEK to slide below 10.50 on more optimism on the Ukraine war – ING
Market Focus
Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimerOpen Demo Account & Personal Page