Underlying inflation, unemployment should ground mandate: Riksbank’s Svensson
Sweden's monetary policy framework could be bettered through the adoption of a dual-policy mandate focusing on underlying, rather than consumer price index (CPI), inflation and unemployment, Lars Svensson, a deputy governor of the Riksbank, said Tuesday.
Svensson noted the central bank's mandate is to carry out "flexible inflation targeting" – a policy framework under which the Riksbank is to support the general objectives of sustainable growth and high employment, along with the "overriding
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