Material for assessing monetary policy

Every year the Committee on Finance examines and assesses the monetary policy conducted by the Riksbank in the immediately preceding years. The Riksbank compiles and publishes material for this assessment. The material for the assessing of monetary policy was previously included in the first Monetary Policy Report each year (formerly the Inflation Report). In accordance with the Riksbank Act, this report was one of the written accounts of monetary policy that the Riksbank shall annually present to the Committee on Finance. As a result of the assessment of Swedish monetary policy carried out in 2006, the Committee on Finance has come to the conclusion that as of 2008 the first written account should be a separate report which contains the material for the assessment of monetary policy.

 

The material compiled by the Riksbank is a basis for assessing - not an assessment in itself. On the other hand, this does not mean that it is a pure compilation of numbers. The material also contains analyses of outcomes, forecasts and sequences of events. The Riksbank considers that those who assess monetary policy should also have access to the Bank’s interpretation of the material and the conclusions drawn by the Bank from the results. The Committee on Finance and others who wish to assess the material are then at liberty to draw their own conclusions.