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[Forbes]

After Sweden’s Election, What Next For The Kronor?

“Swedish monetary policy is guided by Riksbanken’s fear of tightening too far and too fast," says Miles Eakers, chief financial analyst at Centtrip.

After Sweden's Election, What Next For Kronor?

Ahead of Sweden’s general election tomorrow, its currency stands as weak against the euro as it was in the global financial crash. In August, the Swedish kronor hit a new nine-year low against the euro, at 9.32 euro cents per kronor, according to figures from the London Academy of Trading (LAT). This week, the Riksbank, Sweden’s central bank, pushed back the timing of a hike in interest rates.

 

Read the full article: Forbes

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