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Minutes: Jansson: "May need to revise the plan... in a tighter direction"

RIKSBANK
  • "The development of the Riksbank's various measures of underlying inflation confirms that inflationary pressures are now easing but that this is happening rather slowly."
  • "Regarding some of the more fundamental determinants of inflation – inflation expectations, wage formation and fiscal policy – I am more or less sticking to the positive interpretation I expressed at our last meeting. "
  • "the situation still looks quite bright as regards the more fundamental determinants of inflation. There are indeed risks, but there is rather little to right now justify making a larger, more fundamental revision to how quickly inflation is expected to return to target. This is also the perspective in the new forecast"
  • "Even though I think that our new monetary policy plan currently is well-balanced, I fear that we may need to revise the plan further in a tighter direction going forward. This is because, at present, my assessment is that the inflation outlook has greater upside risks than downside risks."
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