New Ekonomistas post (in Swedish), “Problems with the housing market are no excuse for Ingves to miss the inflation target.” Here is an English translation.

In a two-page interview in the Swedish daily Dagens Nyheter on January 3 (in Swedish), the governor of the Riksbank, Stefan Ingves, is as usual worried about household indebtedness and now proposes a broad commission to reform the housing market. For the Riksbank, Stefan Ingves says, a housing market that works better would remove a problem that puts a burden on monetary policy. Then the scope would increases for more clearly focus the interest-rate decisions on achieving the inflation target “in reasonably short time,” he says. But are problems with the housing market an excuse for missing the inflation target?
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