Skip to content
Subscriber Only

ECB Undermines Riksbank's Clout as All Measures End in Limbo

  • Riksbank to increase quantitative easing program by SEK45 bln
  • Bank calls inflation revival fitful, global outlook uncertain
Updated on

Sweden’s Riksbank dodged a bullet as the European Central Bank decided to refrain from adding even more stimulus -- for now.

Swedish central bank Governor Stefan Ingves said on Thursday he took “proactive” approach in delivering a little more stimulus as the bank signaled it stands ready to do more to keep the krona in check. His approach paid off as the ECB President Mario Draghi just hours later decided to hold off on digging even deeper into his toolbox and said his policies are working.