Ingves at the Riksdag Committee on Finance: Hearing on monetary policy

Governor Ingves began the hearing by stating the reasons for the Riksbank's latest monetary policy decision to leave the repo rate unchanged at –0.50 per cent. He pointed out that a great deal of support has been required for a long time to bring inflation back to the target of 2 per cent. Now it is a question of keeping inflation close to the target going forward. Inflationary pressures are still rather moderate, but strong economic activity in Sweden and abroad is creating favourable conditions for inflation to stay close to target in the coming years. If things develop as expected, it is appropriate, in Governor Ingves opinion, to start increasing the interest rate at some point over the next few months, in either December or February.

Follow the adjacent link to see the slides Mr Ingves used at the hearing.