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Officials say advantages of openness outweigh drawbacks
Two senior Sveriges Riksbank officials have explained how the central bank’s forecasting of its own interest rates is one of the main ways it has pursued the goal of transparency.
In an article published on September 10, first deputy governor Anna Breman and fellow deputy governor Anna Seim say Sweden’s central bank began forecasting its own policy rate in 2007 with the aim of combining different data produced by the predictions with varying assumptions about possible future scenarios.
“As a step
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