At the present time, it is difficult to assess both the humanitarian and economic consequences of what is happening and what is going to happen in the next couple of months, consider the governor.
“this will of course affect the Swedish economy,” he said, adding that ” it is a matter of both imports and exports, and the domestic impact of, for example, in the production, and the decrease in travel.
“This leads to the fact that there is a great deal of uncertainty about the economic impact,” he said.
It’s more likely that it’s going to be a temporary process on the basis of historical comparisons, however, it is not possible to know.
“It’s going to be a while before there is more specific guidance,” said Stefan Ingves.
Right now, no slowdown
After being on the phone with the company in the Riksbank’s business survey, and other contacts of the bank’s overall picture of the current situation is a clear slowdown in the economy.
“Aside from the board, the overall picture is that there is a clear slowdown,” said Stefan Ingves said, adding that in the picture, but it can be changed.
“It could be yesterday, I was talking about,” he said.
In the retail sector, the increase in turnover due to the volume of the goods, such as pasta, rice, and snuff. To travel is reduced greatly, and it is a large hotel.
the Industry is not well known by some of the major problems in the production, and there is a certain amount of optimism about the fact that producing in China is to be restored. However, it may take a while before the shipments will come in time and time again, and the interference cannot be ruled out, among other things, due to a lack of shipping containers.
the large Corporations do not present any problem with their funding, but they are grunnar if the smaller sub-contractors may be affected.
Stefan Ingves said that it is important that the fiscal policy is to ensure that viable businesses are not left out, as a result of the virus.
“the Most urgent need in the short-term objective is to ensure that the liquidity supply is working,” he said.
Ingves: No interest rate cut right now,
It is a question of whether to sustain the credit market in such a way that the business needs in order to function properly.
also, the Riksbank could play a role in even more generous terms for loans to banks and asset purchases.
“the board and the executive Board’s assessment is that the Riksbank’s balance sheet, in each case, is not to be reduced during the coming year,” said Stefan Ingves.
this is A lower rate of interest to be seen in the present situation, which is the most important step.
He said that it has its own store, even in the worst of cases, to be able to move the business to another part of the world.
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