Ingves draws lessons from Sweden’s economic history
Riksbank governor emphasises close link between financial and price stability
Sveriges Rikbank's governor Stefan Ingves today (May 6) set out a host of ways in which the central bank's current policy-making has been informed by its history – in particular its history of crisis management.
In a speech to the Swedish Economic Association, Ingves emphasised that while the Swedish economy has generally been strong, it has also been "greatly affected" by financial and debt crises, including the 1992 crisis that saw the central bank hike its key rate to 500%, and the global
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