Ingves Says Sweden Will `Slowly, Slowly' Exit Negative Rates

The transcript discusses the Swedish central bank's plan to exit negative interest rates by year-end, citing strong economic growth and low unemployment. It addresses concerns about repeating past policy mistakes and reassures that no global downturn is foreseen. The bank clarifies that this is not a reassessment of negative rates, as the plan to return to zero was always intended. The effects of prolonged negative rates are considered, and the impact on the QE program is discussed. The bank is confident in its approach despite global trends, and exchange rate projections are included in inflation forecasts. The transcript concludes with a reflection on Mario Draghi's legacy.

Why does the Swedish central bank plan to exit negative interest rates by the end of the year?

• To increase inflation significantly

• Due to strong economic performance and low unemployment

• Because of a projected economic downturn

• To align with global central bank trends

What was the initial reason for Sweden adopting negative interest rates?

• To decrease unemployment rates

• To combat high inflation

• To stimulate economic growth and reach inflation targets

• To align with the European Central Bank

What is the expected duration for Sweden to remain in negative interest rate territory?

• Ten years

• Four to five years

• Indefinitely

• Two years

How does the Swedish central bank view its position compared to global central bank trends?

• It is concerned about being out of sync

• It is uncertain about future policies

• It is confident due to better inflation and growth rates

• It plans to follow the Federal Reserve closely

What is the Swedish central bank's stance on the potential strengthening of the Swedish krona?

• It plans to intervene in the currency market

• It has accounted for it in inflation forecasts

• It has not considered the impact

• It is worried about rapid strengthening