Riksbank’s Jansson rejects calls to scrap inflation target

Photo by David Lundberg
Sveriges Riksbank. Photo: David Lundberg

Commentators calling for Sveriges Riksbank to scrap its inflation target ought to think through the implications of their argument more clearly, deputy governor Per Jansson told an audience in Stockholm on December 7.

Though his speech was provocatively titled 'Time to scrap the inflation target?', Jansson quickly answered the question: "no". He accused those who wished to abolish the target of failing to recognise that current stability depends in large part on the current monetary policy frame