Riksbank’s Nyberg challenges Svensson over monetary policy framework

nyberg-lars

Lars Nyberg, a deputy governor of the Riksbank, on Monday lent support to the adoption of monetary policy tools to address financial stability issues, a view that fellow deputy governor Lars Svensson has fiercely opposed in recent weeks.

"There will always be situations where the regulation and supervision may need support from a monetary policy that leans against the wind," Nyberg said in Stockholm. "The policy rate is certainly a blunt instrument, as it affects all lending in the economy. But

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