`Giant Wave of Money' Headed for Sweden Creates Policy Nightmare
- 13 out 15 analysts see Riksbank key rate unchanged this week
- Nordea says failure to expand stimulus could strengthen krona
This article is for subscribers only.
European Central Bank President Mario Draghi said boo last week and the krona jumped.
With the ECB signaling a new wave of stimulus to prop up the euro zone, the question is how Sweden’s central bank can fight the monetary expansion coming from the south with its own, much smaller toolbox as it tries to stop the krona appreciating.