RBNZ's new Swedish boss joins bank shaken by politics, says 'kia ora' [Yahoo! Finance]
SWEDBANK AB S/ADR (SWDBY)
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Source: Yahoo! Finance
criticism of the bank's management of the economy and as independent monetary policy around the world comes under political pressure. Anna Breman, 49, currently the deputy governor of Sweden's Riksbank, was picked after a worldwide search in which 300 candidates were identified, New Zealand said on Wednesday. She joined the Swedish central bank's executive board in 2019, contributing to decision-making including monetary policy, financial stability, and national payments systems, and became First Deputy Governor in 2022. Not a lot is known about her views on monetary policy. Riksbank surprised markets by cutting rates on Tuesday and Breman voted for the move, while one other deputy advocated for no change. At the press conference in Wellington after her appointment, Breman said RBNZ would "stay laser focused on delivering low and stable inflation." Breman said in a speech in March about Sweden's economy that the task of monetary policy is to contribute to economic stability
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News
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