Riksbank policy-makers differ 'fundamentally' on role of central bank, says deputy governor
Behind the "apparently marginal difference" in the view of what the Sveriges Riksbank's repo rate should be – 1% (the present rate) or 0.75% (as advocated by some board members) – is a "fundamental difference in the view of the role of the central bank and the route monetary policy should take" in the wake of the financial crisis, Riksbank executive board member Karolina Ekholm said today in a speech.
"The difference concerns the view of the risks linked to financial imbalances and to what
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