Sveriges Riksbank

05/04/2021 | Press release | Distributed by Public on 05/04/2021 02:32

Executive Board at hearing of Committee on Finance regarding Account of Monetary Policy 2020

The coronavirus pandemic caused economic activity to fall heavily in spring 2020, and uncertainty on the global financial markets soared. Many households and companies were hit hard when countries around the world introduced extensive restrictions to reduce the spread of infection. The conditions for attaining the inflation target were radically altered.