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Minutes: Key comments from Jansson

  • "The reasons for not choosing a more expansionary monetary policy, which for me in this situation would require us to cut the repo rate, are, as I see it, basically the same as in April."
  • "The decisive factor here is that there are no signs of the confidence in the inflation target starting to waver; on the contrary, it has strengthened somewhat during the first half of the year."
  • "I perceive the reasons for not choosing to make monetary policy less expansionary to be, if anything, even stronger. Despite the recovery being clear and appearing to be strong, the risk of the economy overheating is very small."
  • "That inflation is now overshooting the target slightly at the end of the forecast period does not change my view on monetary policy in the coming years. This is not an argument for tightening policy but, if anything, is just positive and desirable, in order to strengthen the role of the inflation target as the reasonable starting-point for the inflation rate on average."

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