Sweden's Srejber on asset prices, inflation target

Speaking at a seminar at the Swedish Royal Institute of Technology on 16 March first deputy governor Eva Srejber of the Sveriges Riksbank said it is now more than ten years since the Riksbank adopted an explicit inflation target and the policy has been successful.

"Inflation expectations have been anchored very near 2 per cent and the rate of price increases has been close to target, in contrast to the 1970s and 1980s when inflation stood at around 8 per cent a year. In addition, GDP growth

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