Riksbank’s Ekholm Leaves for Finance Ministry, DI Reports

Riksbank Deputy Governor Karolina Ekholm, one of the main advocates for lower interest rates at the Swedish central bank, will leave for a job at the Finance Ministry, according to newspaper Dagens Industri.

Ekholm, 49, who joined the board of the Stockholm-based central bank in 2009, will step down tomorrow to join the new Social Democratic-led government, the newspaper said.

She was a professor of economics at Stockholm University before joining the central bank. In July, she was part of a majority that lowered rates by more than an anticipated 0.5 percentage point to 0.25 percent.

The bank unanimously kept rates unchanged last month and said it was appropriate to start raising rates again toward the end of 2015.

A spokeswoman at the Riksbank, Susanne Meyer Soederlind, said the bank wouldn’t comment on “rumors,” while Fredrik Kornebaeck, a spokesman at the Finance Ministry, declined to comment today by phone.

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