Rates can be cut further – Riksbank’s Floden

Martin Floden, Deputy Governor of the Riksbank said on Wednesday that the Nordic central bank remains ready to cut rates further if necessary.

Floden also argued that there is not much impact derived from the implementation of negative rates, except on the Swedish Krona.

EUR/SEK is trading just off daily lows above the 9.7500 handle, looking to consolidate the drop from recent multi-year tops near 10.1000 seen in early November.