Riksbank's Oberg Says Stimulus Exit Will Be 'Uncomplicated'

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Riksbank First Deputy Governor Svante Oberg said on Tuesday that it would be relatively uncomplicated for the Swedish central bank to phase out the extraordinary support measures currently in place when the economic recovery gathers momentum.

"The Riksbank, unlike many other central banks, has not purchased any securities, which makes phasing out the support measures relatively uncomplicated," said Oberg in a speech delivered at Lund University.

The Swedish central bank had already ceased offering dollar loans, Oberg said. "The loans in kronor may be concluded in October 2010 as long as no decision is taken on new loans," he added.

Oberg repeated the central bank's October forecast and expects the monetary tightening cycle to be kicked-off by Autumn next year.

Riksbank First Deputy Governor Svante Oberg said on Tuesday that it would be relatively uncomplicated for the Swedish central bank to phase out the extraordinary support measures currently in place when the economic recovery gathers momentum. (Market News Provided by RTTNews)