10.29.2023

More people than I lack confidence in Sweden's central bank

A professor emeritus and a docent, both working at the School of Economics at Lund University, question the Swedish central bank's monetary policy.

The two claim that Sweden's central bank AKA Riksbanken has conducted an experimental monetary policy when in the middle of a boom they bought securities and introduced a negative policy rate. It is an unusual move in a stabilization policy, they continue.

I already understood in 2019 that the Swedish central bank's procedure was completely off the wall.

Hopefully, The Swedish Parliament will demand responsibility from Riksbanken. If you don't realize that you made a mistake, you will most likely make the mistake again.

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