Riksbank deputy governor speaks out over ‘entrenched' unemployment fears

svensson

Deputy governor of Sweden's Riskbank Lars Svensson has called for a loosening of monetary policy to let inflation temporarily overshoot its target, to cut unemployment which he believes is "well above a reasonable long-run sustainable rate."

In a speech delivered today (16 January) to the Swedish Trade Union Confederation in Stockholm, Svensson admits it is "hardly a secret that I see major problems with Swedish monetary policy", and called for a greater focus on hitting the lowest sustainable

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