Sweden's Heikensten on Riksbank's monetary policy

In the speech 'Thoughts on how to develop the Riksbank's monetary policy work' given on 22 February, Lars Heikensten of the Sveriges Riksbank said it is sometimes claimed in the general debate that the Riksbank and other inflation-targeting countries have bound themselves too tightly to a particular model and that a more "pragmatic" policy system would give better results.

"My conclusion is that our method of working is sufficiently flexible to manage the necessary balance. As I see it, there are

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