Breman at Riksdag Committee on Finance: The Riksbank is prepared to act
Governor Stefan Ingves and Deputy Governor Anna Breman are today taking part in the year's first hearing on monetary policy at the Riksdag Committee on Finance. They will comment, among other things, on the effects of the coronavirus on the economy.
Date: 10/03/2020 09:00
Speaker: Deputy Governor Anna Breman
Place: Committee on Finance, Sveriges Riksdag
Anna Breman illustrates the effects of the coronavirus on the economy. She points to the uncertainty that has arisen on the financial markets in the wake of the spread of the virus. The Riksbank has scope to stimulate the economy if the downturn is severe, she says:
“I feel confident that the Riksbank can act to stabilise the Swedish economy in the threat of a crisis. The Riksbank's toolbox can be used to the full. However, the type of measures taken will depend on the situation. It is important that measures are implemented where they have the greatest effect. The opportunities to counteract a decline in the Swedish economy will also improve when several policy areas make a contribution.” In the prevailing situation, the Riksbank has close contact with other authorities in Sweden, as well as with other central banks.