April 7, 2017 / 8:17 AM / 4 months ago

Swedish cbank's Ohlsson says expansionary policy has helped economy

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STOCKHOLM, April 7 (Reuters) - Swedish central bank's ultra-loose monetary policy has been positive for the Swedish economy, central bank Deputy Governor Henry Ohlsson said on Friday.

"Without the expansionary monetary policy, growth and employment would have been lower and unemployment would have been higher," Ohlsson said in a speech.

He also said that overall resource utilisation in the Swedish economy has now passed normal levels and can be expected to rise even higher in the coming years.

At its latest policy meeting in February, the Riksbank held rates unchanged at -0.50 percent and retained its view that more cuts could come. (Reporting by Stockholm Newsroom; Editing by Daniel Dickson)

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