Sveriges Riksbank - Financial turbulence, monetary policy and inflation

Sveriges Riksbank/Riksbanken - Financial turbulence, monetary policy and inflation:
DATE 24/09/2008
”The turbulence in the global financial markets has escalated in recent weeks. Financial markets and market participants in Sweden are now being more tangibly affected by the financial crisis in the United States. We and other authorities have taken measures to improve market functioning and to ensure we are prepared to take further measures if it should prove necessary. Our assessment is still that the Swedish banks are financially strong and that financial stability is satisfactory. Sweden is also well equipped to meet the global economic downturn this time,” says Riksbank Governor Stefan Ingves in a speech held at the Swedish Confederation of Professional Associations today.