STOCKHOLM (Reuters) – The choice by Sweden’s central financial institution to evaluate the potential of hedging a part of overseas trade reserves shouldn’t be seen as a veiled risk of financial intervention, Governor Erik Thedeen mentioned on Thursday.
“This isn’t covert forex intervention,” Thedeen informed a information convention and added that it was regular danger administration. “We’re very skeptical of financial interventions.”
The Riksbank raised its key price by 25 foundation factors on Thursday and mentioned it plans to hedge a few of its overseas trade reserves to scale back the Riksbank’s monetary dangers.
