According to the article, Erik Thedéen is self-critical that the eight interest rate increases implemented by the central bank may have contributed to deepening the ongoing Swedish recession and caused a crisis situation for both Swedish companies and households.
At the same time, Mr. Erik Thedéen said that the interest rate increases had the desired effect and pushed inflation down. Whether the central bank did too much or too little remains to be seen, according to the central bank governor.
In his last appearance before the Christmas break, Erik Thedéen said that he no longer considers it necessary to raise interest rates in early 2024, which he saw as a likely scenario just a few weeks earlier. Although both households and businesses are having a tough time right now, I hope that Mr. Erik Thedéen is cautious about possible future interest rate cuts.
No comments:
Post a Comment