DID YOU KNOW THAT
Inflation targeting regime
Sweden was in January 1993 the fourth country to introduce a formal inflation targeting regime. New Zealand was the first country, followed by Canada and the U.K.
The repo rate
Since June 1994 the repo rate has been the Riksbank's key interest rate.
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 AND UPDATE
The Executive Board of the Riksbank holds six scheduled monetary policy meetings a year and at these it decides on the monetary policy stance and on changes in the repo rate. A press release is published the day after each monetary policy meeting. The press release also contains the Riksbank’s forecasts regarding future developments in economic activity and inflation and a description of what monetary policy is currently considered to be well balanced. In connection with three of the monetary policy meetings a Monetary Policy Report is published. This Report contains the Riksbank’s forecasts for the economy and inflation in the coming years. On the three other occasions a press release and a monetary policy update are published; the latter containing a limited number of forecasts for central macroeconomic variables. You can download or order the report under Press & published.Download or order the report 103 37 Stockholm Brunkebergstorg 11 Phone +46 8 787 00 00 Fax +46 8 21 05 31 Email email@example.com Press contact +46 8 787 02 00