Karolina Ekholm, a deputy governor of the Riksbank, on Monday said fears that higher interest rates would place upward pressure on the krona was behind her decision not to vote with the consensus for a rate hike at the last monetary policy meeting.

At an event in Stockholm, Sweden, Ekholm said: "My reservations have essentially been due to my skepticism of the assumption that foreign central banks will raise their policy rates at the rate specified by the Riksbank's main scenario. In my opinion