Riksbank’s Skingsley calls for other policy areas to support monetary stimulus
First deputy governor says Swedish central bank has tools to react to future recessions
Although monetary policy can still stimulate the economy, other policy areas should collaborate in global efforts to support stronger growth, said first deputy governor of Sveriges Riksbank, Cecilia Skingsley.
On January 28, in a seminar in Stockholm Skingsley stressed that “just because monetary policy can become more expansionary”, it “does not mean this is the best medicine”. She added that “many of the problems the global economy is currently struggling with are highly structural and other
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