Letter to the FT from Irma Rosenberg

In a letter published by the Financial Times on Thursday 15 June, Irma Rosenberg of the Swedish Riksbank says inflation targeting as practised by many central banks has undoubtedly been very successful.

Responding to the FT's article "The beginning of the end for inflation targeting" (5 June) by Wolfgang Munchau, Rosenberg says that inflation in Sweden and many inflation-targeting countries is nowadays much lower and remarkably more stable than under previous monetary policy regimes.

"Indeed, t