The National Audit Office's assessment regarding this measure was harsh. All these measures were taken under the leadership of former Riksbanken Governor Stefan Ingves.
It is stated in the review report that the National Audit Office has not managed to find support for the fact that the gigantic purchases of government bonds and other interest-bearing securities have affected inflation in a tangible way. The National Audit Office also announces that the measure was untested and that the state of knowledge was poor. Today, the central bank needs more than $7,085,000 to cover the losses on these purchases of securities.
These gigantic purchases have cost taxpayers large sums of money. As recently as October this year, it was also revealed that the Swedish central bank was insolvent thanks to these securities.
The current central bank governor Erik Thedéen was not given an easy task when he took office on January 1 this year.
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