Riksbank stresses pandemic’s unpredictability

Photo by David Lundberg

Sveriges Riksbank’s board members highlighted on November 26 how the pandemic makes it difficult to foresee how the economy will evolve.

The meeting’s minutes say board members “noted that the pandemic is unpredictable and that there is still considerable uncertainty surrounding economic developments”. This is especially the case for inflation. “Several members also pointed out that the development of inflation is difficult to interpret. They alluded to significant measurement problems due to

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