Date 03/07/2015
Since the 1990s, the inflation target has contributed towards creating fixed rules for price and wage formation in Sweden. A credible inflation target means that households and companies can expect inflation to be close to the target a few years ahead. This creates stability and predictability and makes it easier for both households and companies to take economic decisions. In recent years, inflation has been some way below target. The Riksbank has therefore taken forceful monetary policy measures to ensure that inflation rises towards target.
Read more about why this is so important in the article "Why is it important that inflation rises towards the target?" from the Monetary Policy Report, July 2015.
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