The election campaign took hold of the Riksbank – Swedish Dagbladet

The election campaign took hold of the Riksbank – Swedish Dagbladet

With less than one month left to the choice misses the country’s politicians no chance to get out their message. Tuesday’s hearing of the Standing Committee on Finance was no exception. Can climate change impacts affect wondered Green Party Mats Pertoft? What do Riksbank for a down payment requirements and construction of up to 150,000 new homes, wondered Moderates Anna Kinberg Batra, and sounded very much like Anders Borg. A matter of business on rural lending terms came from the Centre Party’s Roger Tiefensee.

Governors responded as well as they wanted to and could. Both stressed that the inflation target is their focus. Martin river was the driving force behind the large drop in July and averred that the Bank can influence inflation, including the value of the krona. Stefan Ingves reiterated his message that the low repo rate makes it even more urgent measures to address household debt, a message directly to the politicians on the other side of the table.

Given to millions of Swedes have mortgages and they will soon go to the polls, one would think that the warning would get a lukewarm reception, but that was not the case. Two parties with a tailwind in the sails instead chose to ask for more information from the Governor. Green Party Mats Pertoft wondered what different measures available. Sweden Democrats Sven-Olof Sällström reminded that the party has long wanted to see a repayment claim and said “I know that there is someone valvinnare, but political decisions early in the next term? ‘.

Sweden Democrats held outside when other parties made up of macro-prudential policy in Sweden. Perhaps the recent statements on statutory payment requirements a way to try to get a seat at the negotiating table, if the other parties attempt a partisan solution to deal with the debt issue. Maybe SD’s voters are less sensitive to impairments in the wallet because they probably vote for the party of a very different reason.

but also the Green Party interest stand out. Even in Sunday’s economic debate highlighted Party Per Bolund idea that parliamentary parties have to agree to address the issue. Perhaps this is an attempt to push the issue itself and not have to take over Finance Minister Anders Borg often mentioned agenda at any red-green election victory.

Over the nearly two-hour hearing rested a completely different issue. What happens if neither side gets a majority when the votes counted on September 14? I asked Stefan Ingves about an uncertain parliamentary situation could delay what he deems necessary decisions

– I can not comment on the current situation. What needs to be done and the various technical discussions are quite clear. Then we’ll see who makes the decisions and the way ahead.

How do you perceive the political will to make decisions?

– I do not that there is no lack of understanding that there are troubles in the housing market today. These issues have been discussed whim long. Problem The picture is clear but moving to take action so that the housing market in balance, there remains a lot to do, said Stefan Ingves.

With a repo at 0.25 percent and the promise of a more expansionary monetary policy if inflation accelerates, the debt issue to become entrenched, long time. Regardless of which politicians get together next time it’s hearing by the Riksbank in the Standing Committee.