The financial supervisory authority (FI) considers a modification of the Riksbank’s inflation target should wait for the Riksbankskommitténs work.
It is apparent from the FI’s reply, the Riksbank’s proposal to change the target variable, to CPIF, and to introduce a bands set by around the inflation target.
FI notes that the Riksbankskommittén among other things, has been commissioned to investigate the inflationsmålets design. This means that a change in the goal already in september likely to be followed by a new change of slightly less than two years, when the commission of inquiry presents its proposals.
”It would create an unevenness in the goal, which is likely to create fluctuations in interest rates and interest rate expectations. This in turn would affect credit markets adversely affected, which in turn can be of importance for the financial stability,” writes FI.
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