February 29, 2020 / 12:38 PM / a month ago

Swedish central banker flags uncertainty over coronavirus impact

FILE PHOTO - Governor of Sveriges Riksbank, the central bank of Sweden, Stefan Ingves speaks during a news confernce at the Riksbank headquarters in Stockholm, Sweden, December 19, 2019. TT News Agency/ Jessica Gow via REUTERS

STOCKHOLM (Reuters) - It is too early assess the impact of the outbreak of the coronavirus on Sweden’s economy and what it could lead to in terms of policy from the central bank, Riksbank Governor Stefan Ingves said on Saturday.

“There is genuine uncertainty and we have to deal with the uncertainty at the pace we get more clarity on what direction the economy is heading,” Ingves told reporters after a speech.

The Riksbank held rates unchanged at zero this month and said that it expected no change in policy for the coming years. [nL8N2AC2IT]

Reporting by Simon Johnson; Editing by Alexander Smith

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