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MINUTES: Ingves: 2-sided risks to the repo rate path

RIKSBANK
  • "Assess that the repo-rate path... is a reasonable forecast."
  • "Steering [inflation] back towards two per cent is a very uncertain process. In this respect, I think one can say that our forecast is an optimistic one."
  • "With gradual increases in the repo rate, inflation will return to the target of two per cent. At the same time, if inflation continues to surprise on the upside, monetary policy may need to be tightened further. And the reverse, if inflation falls too quickly, then interest rate rises may be postponed or the rate may be cut."
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