Riksbank Market News

The Riksbank, the central bank for Sweden, has a mandate from parliament to achieve price stability and has set itself a 2% inflation target. The number of monetary policy meetings held each year by the six-strong Riksbank Executive Board has varied over the years but since 2020 has been set at just five. The central bank also produces a twice-yearly Financial Stability Report but it plays second fiddle on the stability side, with Finansinspektionen (FI) responsible for financial sector supervision. It has responsibility for the payments system and it has been heavily involved in the debate and work on central bank digital currencies (CBDCs). There is an ongoing debate over how much control parliament should have over the policy instruments chosen by the Riksbank.