Zweden ongerust over stijgende kroon

Swedish Finance Minister Anders Borg warned that the krona’s strength is becoming a concern for the export-oriented economy and called on the central bank to take the currency’s appreciation into consideration.

“The krona could become an issue, particularly from the central bank perspective; there are some good arguments for them to consider how to look at the krona,” Borg said yesterday in an interview in Abuja, Nigeria. “It should be based on fundamentals and obviously priced on the market, but there are also some risks you’ll see too much of an appreciation. That’s obviously one of the worries we have.”