95 captures
3 Aug 2004 - 9 Apr 2021
About this capture


Contact
|

Svenska
|

Overview
|

Glossary
|

Links

The Riksbank Monetary policy Financial stability Market operations Statistics Published Research Notes & coins


CURRRENT NEWS
Repo rate raised by 0.25 percentage points to 4 per cents (published on 30 October 2007).

Next repo rate decision: 9.30 a.m. on 19 December 2007
 
Latest speech: Rosenberg: Monetary policy and the Riksbank’s communication  (published on 8 October 2007).
 
Separate minutes of the Executive Board meeting on 6 September 2007 (published on 20 September 2007).
 
The Executive Board and the General Councils views on the report "An Evaluation of Swedish Monetary Policy between 1995 and 2005".
The Executive Board: Inflation target remains, but methods can be further developed (published on 23 February 2007).

The General Council: General Council proposes changes in Sveriges Riksbank Act (published on 23 February 2007).


The objective of monetary policy
According to the Sveriges Riksbank Act, the objective of monetary policy is to “maintain price stability”. The Riksbank has interpreted this objective to mean a low, stable rate of inflation.
 
More precisely, the Riksbank's objective is to keep inflation around 2 per cent per year, as measured by the annual change in the consumer price index (CPI). There is a tolerance range of plus/minus 1 percentage point around this target. At the same time, the range is an expression of the Riksbank’s ambition to limit such deviations. In order to keep inflation around 2 per cent the Riksbank adjusts its key interest rate, the repo rate.
READ MORE
MONETARY POLICY REPORT 2007:3
On 30 October the Riksbank's Monetary Policy Report 2007:3 was published.

At its meeting on 29 October, the Executive Board of the Riksbank decided to raise the repo rate by 0.25 percentage points to 4 per cent. It is also probable that the interest rate will need to be raised slightly further in the future. During the first half of 2008 the repo rate is expected to be around 4.25 per cent. The Riksbank’s view of the future repo rate path remains largely the same as in June. The assessment is that the interest rate increases will contribute to an inflation rate in line with the 2 per cent target at the same time as production and employment develop in a balanced manner.
 
The Riksbank’s decision is based on the economic outlook and inflation forecasts presented in the Monetary Policy Report.
 
READ MORE IN THE REPORT
EVALUATION OF MONETARY POLICY
Report by Frederic S Mishkin and Francesco Giavazzi
In spring 2005 the Riksdag Committee on Finance decided to evaluate the monetary policy conducted by the Riksbank during the period 1995-2005. The Committee appointed two professors, Frederic S Mishkin, formerly of Columbia University in New York and now a member of the Federal Reserve Board of Governors, and Francesco Giavazzi, of Bocconi University in Milan, to carry out the evaluation.

The report "An evaluation of Swedish monetary policy 1995-2005" was published on 28 November.
READ MORE
LAST UPDATED 10/30/2007 

 

Price stabilityDecisions and communicationThe transmission mechanism