Per Jansson: Committee on Finance hearing on monetary policy
On Tuesday, the entire Executive Board took part in an open hearing at the Committee on Finance about the Riksbank's operations and its Annual Report for 2023, as well as current monetary policy. Deputy Governor Per Jansson took over after Governor Erik Thedéen and commented on the uncertainty surrounding inflation.
Date: 12/03/2024 09:00
Speaker: Deputy Governor Per Jansson
Place: The Committee on Finance
“We are well on the way to bringing inflation down and the risk of high inflation becoming entrenched has diminished. Inflation trends and price indicators are developing favourably, both in Sweden and abroad. Activity in the Swedish economy suggests limited upside risks to inflation from the demand side. In addition, confidence in the inflation target is strong. But of course, we cannot rule out setbacks. These may stem from heightened geopolitical tensions, a weaker exchange rate or a delay in the normalisation of firms' pricing behaviour. In a bad scenario where these risks materialise simultaneously, the impact on inflation could be significant. Against this background, monetary policy needs to be conducted with caution, with each step carefully scrutinised and considered.”