Forecasts and interest rate decisions
To steer interest rates
Questions and answersDid you know thatInflation targeting regimeSweden 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 rateSince June 1994 the repo rate has been the Riksbank's key interest rate.
The objective of monetary policyAccording 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). In order to keep inflation around 2 per cent the Riksbank adjusts its key interest rate, the repo rate.Read more
NEWSSpeech, Ingves: Flexible inflation targeting in theory and practice(12/5/2011)New issue of the journal Economic Review(3/5/2011)Minutes of the Executive Board’s monetary policy meeting on 19 April 2011(3/5/2011)Monetary Policy Report April 2011(20/4/2011)Press Release: Repo rate raised by 0.25 percentage points to 1.75 per cent(20/4/2011)
MONETARY POLICY REPORT AND UPDATEThe 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 report103 37 Stockholm Brunkebergstorg 11 Phone +46 8 787 00 00Fax +46 8 21 05 31 Email email@example.com Press contact +46 8 787 02 00