Politics & Policies

Monetary Policy in Sweden – Social Democrats call for employment target

Sweden’s Left Party wants the Riksbank to broaden its target to include employment when it sets Capture d’écran 2014-04-07 à 09.47.10interest rates.

The party, which supports the opposition Social Democrats leading in most polls ahead of September elections, also advocated for looser budget rules to cut joblessness in the largest Nordic economy.

The jobs objective should complement the bank’s 2 percent inflation target, Jonas Sjoestedt, leader of the Left Party, told reporters today in Stockholm. The party will also move to scrap the 1 percent budget surplus target and aim for balanced budget rules, he said.

via Sweden’s Left Party Calls for New Riksbank Employment Target – Businessweek.

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3 thoughts on “Monetary Policy in Sweden – Social Democrats call for employment target

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