Parliament eyes Riksbank's off-mark inflation forecasts

swedish-parliament

The Riksbank's inflation projections for 2013 missed the mark by a wider degree than outside forecasters, according to a recent report that grades the bank's performance in setting monetary policy, adding to a pattern that in the past year has seen central banks misjudge central economic developments that influence policy.

The report, which serves as the basis for a yearly examination of the bank's monetary policy performance by the Swedish parliament, also notes that the Riksbank on average did

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