Cecilia Skingsley: What role for monetary policy in achieving inclusive and sustainable growth?
Speaking points by Ms Cecilia Skingsley, Deputy Governor of the Sveriges Riksbank, at a panel debate on "The Global Economy: What can we expect", International Economic Forum of the Americas, OECD, Paris, 7 December 2017.
The views expressed in this speech are those of the speaker and not the view of the BIS.
Central bank speech
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22 January 2018
What role for monetary policy in achieving inclusive and sustainable growth?
- I intend to say a few words about the role of monetary policy in achieving inclusive and sustainable growth.
- I would like to start by saying that in general, a well-balanced monetary policy, including a price stability target, contributes to sustainable growth, and that sustainable growth is normally positive for equality.
- Achieving the monetary policy goal of keeping inflation low and stable leads indirectly to positive effects on equality, as households with low incomes don't have the possibility to shield themselves from the costs connected with high and volatile inflation.
