Jansson: Hearing of the Riksdag Committee on monetary policy

Riksbank Governor Stefan Ingves and Deputy Governor Per Jansson today visited the Riksdag Committee on Finance for the second hearing of the year on current monetary policy.

Date: 24/09/2019 09:30

Speaker: Deputy Governor Per Jansson

Place: Committee on Finance, Sveriges Riksdag

Per Jansson began by noting that substantial monetary policy stimulation has been required to bring inflation back to the target. This policy has also contributed towards good growth, not least on the labour market, with more people in work. Mr Jansson also explained why he is doubtful over the forecast that the rate will be increased towards the end of the year or at the beginning of next year. “Inflation is fairly low, inflation expectations have shown worrying tendencies and I see no appreciable upside risks for inflation. It is true that we have slightly greater degrees of freedom now to deviate from monetary policy abroad than we did previously. But what will be the consequences if the Riksbank and the world’s leading central banks move in different directions?” asked Mr Jansson.

Updated 24/09/2019