Ingves raises fundamental questions about central banking
Stefan Ingves raised the prospect of tinkering with Swedish central bank Sveriges Riksbank's monetary policy framework in a speech today (April 6), while calling for a "much more major rethink" around financial stability.
The Riksbank operates with a flexible inflation targeting framework, and aims to keep annual price increases, as measured by the consumer price index (CPI), at 2%. While Ingves expressed hesitancy about changing the level of the target, he raised the prospect of changing the
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