Sweden's Rosenberg on current monetary policy

In the speech 'Some questions regarding current monetary policy' given on 16 March Irma Rosenberg of the Sveriges Riksbank said that despite the recent hike in the repo rate to 2 pct, monetary policy is still very expansive.

"With inflation expectations at between 1.5 and 2 pct, this means that the real interest rate is close to zero," Rosenberg said in the speech.

She said that there are risks in continuing to conduct a very expansionary monetary policy in a situation where the economy is already

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