The Riksbank
The Riksbank, founded in 1668, is the world’s oldest central bank, crucial for Sweden's monetary policy. Established to ensure price stability, it targets a low and stable inflation rate of 2%. With an independent status since 1999, the Riksbank’s monetary policy aims to avoid high and variable inflation, which complicates long-term planning and increases uncertainty and borrowing costs. The executive board, led by Stefan Ingves, oversees these tasks, which include managing the payment system and implementing financial forecasts.
The Riksbank
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Presentation Transcript
The Riksbank The central bank of Sweden
History World´soldest central bank. Founded in 1668 1933 Price stabilty by usingmonetary policy 1968 Alfred Nobel 1999 Independent status
Tasks -Pricestability Low and stable inflation rate Inflation target 2% Payment system
How? Monetary policy Time lag Forecasts
Why? Awoid high and variable inflation Makes long term planningmoredifficult Greater uncertainty and higherborrowingcosts Affects the use of resources
The executive board -Stefan Ingves