Riksbank’s Ingves: Krona weakness seen as temporary

Swedish central bank, Riksbank, Governor Ingves is on the wires now, via Reuters, speaking at a press conference following the central bank's interest rates decision announced earlier.

Key Headlines:

Inflation still needs support from the policy.

If all goes to plan, rates will be raised at the end of 2018.

The slowdown in Europe seen as temporary.

There are still good times in the Swedish economy.

Krona has weakened more than anticipated.

Krona weakness seen as temporary.

Reasonable to assume Krona strengthens in the long-term.