Riksbank hits back over ‘systematically inaccurate' inflation forecasts

sveriges-riksbank

The Sveriges Riksbank has published a rebuttal of claims by Sweden's National Institute of Economic Research (NIER) that it has systematically over-estimated inflation over the past decade, with consequences for monetary policy and the country's economy.

The NIER recently assessed inflation forecasts made by the Swedish central bank since 2001, concluding that the repo rate, the bank's main interest rate, was regularly set too high – a consequence of erroneous estimates.

Yesterday, the Riksbank

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