The Riksbank's Annual Report 2006
Date
12/02/2007
In its Annual Report presented to the the Riksdag (the Swedish parliament) today, the Riksbank reported a profit of SEK 7.9 billion for 2006. The positive result is mainly due to the interest income generated by the bonds in the currency reserve.
The Annual Report contains a report on monetary policy during 2004-2006, showing that inflation in 2005 and 2006 remained below the target of 2 per cent. This was mainly due to a larger rise in productivity than expected.
The Annual Report also contains a detailed account of how the Riksbank managed its assets.
The Riksbank’s earnings over the past three years (SEK million)
Net interest income and fees
5 551
5 094
4 479
Price effect
-1 270
-299
-109
Exchange rate effect
3 536
-875
-5 617
Gold valuation effect
492
58
-591
Management costs
-704
-820
-1 051
Management income
272
98
85
Result
7 877
3 256
-2 804
