Sveriges Riksbank

10/20/2022 | Press release | Distributed by Public on 10/20/2022 01:38

Ingves and Jansson in Riksdag Committee on Finance: We are safeguarding the inflation target

At the end of last year, inflation excluding energy prices was still low. But over the course of the year, inflation has spread widely in the economy. "Today, almost all prices are rising in Sweden, and rising fast," said Stefan Ingves. To dampen the high inflation, the Riksbank has raised its policy rate three times this year and the Executive Board's forecast is that it will need to be raised further in the next six months.