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Jansson key comments in the Minutes

RIKSBANK
  • "The pandemic has picked up pace again. I consider this to be an argument against traditional demand stimuli, including repo-rate cuts....I stand by my previous view that the best course of action at this juncture is to leave the repo rate unchanged, so as not to unnecessarily waste the ammunition we have left."
  • "I would like to emphasise that a repo-rate cut is for me absolutely not a measure that cannot become relevant going forward. If there is a need to make monetary policy significantly more expansionary, it is on the contrary the measure I believe in the most – trying to combat long-term confidence problems for the inflation target using only asset purchases is not something I believe can be done. And, personally, I find it difficult to understand why we would not wish to activate the interest-rate weapon if the credibility of the inflation target were in jeopardy."
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