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). In order to keep inflation around 2 per cent the Riksbank adjusts its key interest rate, the repo rate.

03/01/2012 Minutes of the Executive Board’s monetary policy meeting on 19 December 2011
20/12/2011 Press release: Repo rate cut to 1.75 per cent
20/12/2011 Monetary Policy Update December 2011
06/12/2011 Speech, Öberg: Monetary policy’s Catch-22 –uncertainty
29/11/2011 Speech, Svensson: Monetary Policy after the Crisis

Documents and Reports on Monetary Policy

Monetary Policy Report and Update
The Riksbank's Monetary Policy Report (formerly the Inflation Report) is published three times a year. The report describes the deliberations made by the Riksbank when deciding what would be an appropriate monetary policy to conduct.
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.
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Monetary policy in Sweden
The document "Monetary policy in Sweden" describes the Riksbank's monetary policy aims and strategy.
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