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Minutes: Jansson: Monpol proposals "well-balanced"

RIKSBANK
  • "I therefore think that the proposal for monetary policy in the draft report is well-balanced."
  • "The new measures should in any case reduce the risk of the krona continuing to depreciate systematically and in trend terms, as has been the case over the past couple of years. If this were to continue, it would take longer to bring inflation back to target and require significantly larger policy-rate hikes."
  • "If the strategy to try to influence the krona succeeds, the effects on price developments could occur relatively quickly, so that inflation may perhaps already be affected during 2023 and we thereby come closer to the previous assessment for inflation excluding energy prices from November."
  • "At our last monetary policy meeting, I discussed the possibility that the largest policy-rate increases could be behind us and focus is therefore moving from the change in the rate to its level. Raising the policy rate in the way proposed in the draft Monetary Policy Report will now delay this shift in focus somewhat. But it can nevertheless be noted that since September of last year, we have raised the rate in successively smaller steps and that, as the policy rate increases, we are by necessity coming ever close to this change in focus. Of course, the earlier we can get there, the better"
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