“Swedish exposure to Russia and Ukraine is small and manageable for banks,” the Swedish central bank, Riksbank, Governor Stefan Ingves said in a statement on Thursday.
Governor Ingves added, “there are upside risks for inflation.”
Meanwhile, Riksbank’s Deputy Governor Anna Breman said, “Riksbank is in daily contact with Ukrainian central bank.”
Additional comments
“Ukraine and Russia stand for less than 2% of Swedish imports and exports.”
“Upside risk for inflation has increased.”
Market reaction
EUR/SEK is meeting fresh supply on the above comments, now losing 0.10% on the day to trade at 10.75.