Monetary innovation required to respond to next crisis – Riksbank’s Breman
Deputy governor thinks fiscal and monetary policy co-ordination will be increasingly important
Innovation in monetary policy will be needed in order to respond to future economic crises, said Sveriges Riksbank deputy governor Anna Breman in a speech today (February 23).
Breman said the Covid-19 crisis has made it clear central banks cannot predict how future shocks will evolve and what will cause them. “This means that innovation and new thinking will be required in monetary policy for us to be able to continue to fulfil our task of maintaining price stability in Sweden,” said the
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