Experts will thumbs down Ingves speech – Swedish Dagbladet

Annika Winsth, chief economist at Nordea. Photo: Tomas Oneborg

Robert Bergqvist, chief economist at SEB think that the Governor’s speech is lean. He notes that the title – time omprövning- tickles the imagination, but that the Riksbank does not really open the doors to any review. The speech does not contain any direct again.

– This speech will not help to lift the monetary policy discussion. I have read violent speech, says Robert Bergqvist.

He had hoped to Stefan Ingves would raise more interesting questions about how the world has changed and how it affects the monetary policy framework and the monetary policy decisions. Bergqvist wondering if the speech deliberately gently to the Riksbank does not want to prejudge King & amp; Goodfriend- evaluation.

– I had hoped for a recognition that it is more difficult to conduct monetary policy today and a discussion of the negative interest rate and its difficulties, says Robert Bergqvist.

Knut Hallberg, senior economist at Swedbank, call the number for lukewarm and notes that the title promised more than what’s kept.

– From a monetary policy perspective’s neutral. It does not change our view on short-term monetary policy, says Knut Hallberg.

He thinks it’s interesting to Stefan Ingves underlines the Riksbank’s dependence on the outside world, not least the euro zone. It is important that the Riksbank’s policy relate to it.

– There he highlighted earlier, but he puts his finger on the sore spot that the Riksbank has very little room for maneuver, says Knut Hallberg.

Even Anna East, chief economist at Länsförsäkringar bank, noted that the speech did not contain any direct news that alters the perception of monetary policy.

– the title gossiped that there would be new ideas, but he reiterated themes that he has been in the past, she says.

to some extent she thinks Ingves takes the debate on macro-prudential policy a step further and says that it is clear that the Riksbank would gladly bear the responsibility.

– Ingves is more clear about the possible changes of the inflation target, but I feel it is a more theoretical discussion, she said.

Annika Winsth of Nordea notes that expectations were high given the title and to Ingves gave less than what most had hoped for.

– It is clear that he is very frustrated by the situation he has ended up in. he marks really that Sweden has structural problems, says Annika Winsth.

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– from a marketing perspective, it is well that he is open to a greater flexibility. He has talked about before. It is good, for it is absurd to constantly go on CPI measures given the way the world looks, says Annika Winsth.

economists rate Ingves speech

• Robert Bergqvist: -5

• Knut Hallberg: – 2

• Annika Winsth: +2

• Anna East: 0

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