Swedish Riksbank Calls Krona Strength a `Worrisome' Development

Photographer: Casper Hedberg/Bloomberg
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The recent appreciation in Sweden’s krona is “worrisome” and is becoming a concern for monetary policy, Riksbank Deputy Governor Martin Floden said on Wednesday.

The currency’s latest gains aren’t linked to positive news on inflation and are more likely to be triggered by developments outside Sweden, Floden said in response to questions.