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Minutes: Floden (2/2): On breakdown of asset purchases

RIKSBANK
  • "I think it is good that we are rapidly scaling back our purchases of mortgage bonds now that the economy in general, and the housing market in particular, has recovered well from the pandemic. In 2022, I believe and hope that we will also be able to reduce, or completely terminate, our corporate bond purchases."
  • Re government bond purchases: "I see many problems and risks, while the benefits of continued purchases, especially of long-term government bonds, appear to be limited. I therefore believe that it will be appropriate to taper these purchases during the year, and that such a tapering need not result in a significant rise in the interest rates we care about"
  • Re munis: "I do not see any obvious problems with our purchases. It is good that we are now putting a larger proportion of our purchases here, but as the market is limited, it is not obvious that we could increase purchases even further"

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