Bloomberg News

Riksbank Lacks Tools in Macroprudential Sphere, Ingves Says

March 15, 2012

The Swedish central bank “at present” lacks “sharper” tools than words to take care of macroprudential supervision, Governor Stefan Ingves said in a speech published on the Stockholm-based bank’s website today.

“We can warn and recommend, but when it comes to real measures, other authorities currently hold responsibility. It is a difficult task,” Ingves said. “Always raising a warning when everything seems to be going well seldom makes you popular.”

To contact the reporter on this story: Johan Carlstrom in Stockholm at jcarlstrom@bloomberg.net

To contact the editor responsible for this story: Tasneem Brogger at tbrogger@bloomberg.net


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