New Job for Riksbank Governor
The Governor of the Swedish Central Bank, Lars Heikensten, is to step down.
The government has unexpectedly announced that Heikensten is its nominee as Sweden’s new representative to the European Court of Auditors, which monitors the accounts of the EU.
Heikensten has served in the Riksbank board for the past ten years, and has been its head since 2003. He leaves at a time when the central bank’s key repo rate is at an historic low of 1.5 percent.
It’s unclear who will succeed him when he officially steps down on March 1st, but analysts predict monetary policy will remain steady.