Thedeen Says Riksbank Have Not Lost Chance to Hike Again

Riksbank Q&A continues, and in response to MNI's questions, Thedéen stresses that if inflation shows signs of not returning to 2%, they will hike again.
Q: Are you concerned that it may be hard to persuade market participants that you could hike in the future, given the hold decision today and the likely development of activity data going forward?

• A: We have not lost the chance to hike again, we are very clear that we will hike again if inflation does not go in the correct direction [towards 2%]. But no hike today is an indication that there are positive signs in the outlook.

• A: The underlying strength we have seen in consumption has to a large extent been relying on excess savings. Knowing the quantity of savings remaining, how liquid it is and its distribution amongst households is important for monetary, fiscal and macroprudential policy. The Riksbank and Swedish FSA both agree that it would be a good idea, as did a public inquiry. It is now up to the Government to determine if the data can be made available [The Governor did not specify timescales for this].