Sweden's Heikensten at the Riksdag Committee

In a speech on monetary policy given to the Riksdag Committee on Finance on 14 October Lars Heikensten of the Sveriges Riksbank said as the economic upturn progresses and resource utilisation increases further, it is reasonable to assume that monetary policy will in future need to become gradually less expansionary.

"There is nothing dramatic about this; rather, this is normally necessary in an economic upswing to ensure that the inflation target is attained and that economic developments in the

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