Riksbank Deputy Governor Lars E.O. Svensson will leave the Swedish central bank’s board when his term expires next month after failing to win backing for his calls for deeper interest rate cuts.
Sweden’s central bank raised its benchmark lending rate for a second time since July as policy makers try to steer the largest Nordic economy through the European Union’s biggest rebound.
Sweden’s economy expanded faster than most analysts estimated in the third quarter as exports picked up and companies continued investing.
Sweden’s Riksbank kept its main interest rate unchanged amid signs the largest Nordic economy will avoid a recession after policy makers across Europe stepped in to ease debt crisis concerns.
Sweden’s central bank risks fueling a krona appreciation that will prevent inflation from reaching its target if it sticks to the current tightening forecast, Deputy Governor Karolina Ekholm said.
"It's good that there are people who take pretty big and broad responsibility for society and there are not that many of them."
- Annika Winsth on Oct 30, 2014