Henry Ohlsson: With inflation on target - new challenges to take on

Speech by Mr Henry Ohlsson, Deputy Governor of the Sveriges Riksbank, at Örebro University, Örebro, 29 May 2018.

The views expressed in this speech are those of the speaker and not the view of the BIS.

At the beginning of the Riksbank's monetary policy reports, there is a page describing the monetary policy strategy. The basis of the strategy is that the Riksbank shall strive towards an annual change of 2 per cent in the consumer price index with a fixed interest rate (CPIF). Given that there is confidence in the inflation target, monetary policy shall also support good growth in output and employment. The Riksbank therefore conducts what is generally referred to as flexible inflation targeting.