Jansson: The economic situation and monetary policy
On Monday, Deputy Governor Per Jansson takes part in Statistics Sweden's Economic outlook seminar "Economic activity and the low inflation rate". He will talk about how getting inflation to rise is top priority.
Mr Jansson shows in his presentation that inflation was lower at the end of 2013 and beginning of 2014 than the Riksbank and other analysts had expected and that the Riksbank has reacted to this by repeatedly cutting both the repo rate and the forecast for the repo rate.
"It is important that everyone can rely on the inflation target fulfilling its role as nominal anchor in price-setting and wage formation," says Mr Jansson.
At the seminar, Mr Jansson also talks about the monetary policy conducted in recent years in general and says that many of those who comment on the monetary policy conducted have exaggerated the significance that the risks linked to household debt have had for rate-setting. Monetary policy has on the whole been very expansionary, which has contributed to Sweden managing the crisis better than many other countries.
Follow the link to see the slides Per Jansson shows during his presentation at Statistics Sweden.
