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