The Swedish central bank's governor says bitcoin will face tougher regulation given its sheer popularity that continues to grow. "When something gets big enough, things like consumer interests and money laundering come into play," said the Riksbank's Governor Stefan Ingves.
Riksbank’s Jansson: Still some way to go before I would be worried about inflationNEWS |
5/21/2021 8:50:23 AM GMT | By Dhwani Mehta
Commenting on the recent concerns over rising inflation, Riksbank’s Deputy Governor Per Jansson said that there is “still some way to go before I would be worried about inflation situation on the upside. “
Additional comments
Inflation expectation picture continues to look solid.
Inflation picture looks pretty good, perhaps improving a little bit.
Assumptions we made in April look intact.
I would see the upside risks as big as downside risks for inflation.
Still see inflation at 3% for a year or so before policy action needed.
by Tyler Durden
Tuesday, Mar 16, 2021 - 07:59 AM
Exactly one year ago today, the financial world as we know it was on the verge of collapse, with the Dow Jones plunging to 20,000 after the VIX exploded to a record 82.69.
Fast forward to today, when the market is about 66% higher, and on Tuesday morning futures on both the S&P 500 and the Dow Jones edged higher hitting fresh all time highs -
the Dow notched its sixth consecutive all-time high on Monday on optimism over a $1.9 trillion fiscal stimulus package - for the second day in a row while contracts on the Nasdaq 100 rose about 0.5% by 730 a.m. ET, pointing to an extension of a rebound in technology stocks that were at the heart of February’s selloff. The Nasdaq 100 is still about 5% below its Feb. 12 record closing high. Traders were looking ahead to today s industrial production and retail sales data (which as a reminder, will be a huge miss), while the Federal Reserve was set to kick off its two-day policy meeting.
Changes in the monetary policy framework? Håkan Frisén, Head of Economic Forecasting
Last year the Federal Reserve changed its monetary policy principles. The Fed is now prepared to accept inflation a bit above its 2 per cent target in order to compensate for its previous bias against undershooting the target. This also means that the central bank is really prepared to test how hot the US labour market can become before harmful overheating problems emerge. Reviews of monetary policy frameworks are currently underway in various other countries, and the question is what inspiration the Fed can provide. The EU Treaty imposes some restrictions on the ability of the European Central Bank (ECB) to follow in the footsteps of the Fed, but the ECB can at least make its inflation target more symmetrical. Sweden’s Riksbank also has limited room for manoeuvre, but it must still try to find its own ways to prevent inflation expectations from distancing themselves too far from the 2 per cen
By Reuters Staff
1 Min Read
STOCKHOLM, Dec 16 (Reuters) - Sweden’s central bank would probably need to cut the benchmark rate if it needs to make monetary policy more expansionary and fight the effects of the ongoing coronavirus pandemic, Deputy Governor Per Jansson said on Wednesday.
“It is probably the case that we would have to use the repo rate, because if policy needs to be significantly more expansionary, I have much more faith in the repo rate than I have faith in further asset purchases,” Jansson said in a speech.
“It is hard to see that we can do a great deal more with asset purchases.” (Reporting by Simon Johnson; Editing by Alison Williams)