Swedish c.bank’s Skingsley says changes in rates possible in recovery phase

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STOCKHOLM, May 27 (Reuters) – Adjusting Swedish benchmark interest rates is a possibility to support the economy as it recovers, the central bank’s First Deputy Governor Cecilia Skingsley said on Wednesday.

“The rate instrument is also on the table as a potential measure,” Skingsley said. “When we have passed the most acute phase of the crisis … then it is possible that in order to support the recovery, we also work with the repo rate. But that remains to be seen.”

The central bank has launched a raft of measures, including loans in dollars and crowns and an expanded programme of asset purchases, to support credit supply and liquidity in the banking system. (Reporting by Simon Johnson; Editing by Hugh Lawson)

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