Deputy Governor Lars Svensson will leave Riksbank on May 20 when his period of office expires and is unlikely to run for a second term, the central bank said in a statement on Monday.
Svensson has been a member of the Riksbank's Executive Board since May 21, 2007. He was an advocate of steeper interest rate cuts than envisaged by the Board, but failed to gain majority support for his policy stance.
"With his solid academic background he has provided an excellent contribution to developing the analysis work at the Riksbank and has successfully created interest in monetary policy issues both in Sweden and abroad," General Council Chairman Johan Gernandt and Vice Chairman Sven-Erik Österberg said in a joint comment.
The council said that Deputy Governor Barbro Wickman-Parak's period of office also expires in May and is working on finding replacements for both the officials.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.