Riksbank's Skingsley on Rates Forecast, Inflation, `Downside' Risks

Riksbank's Skingsley on Rates Forecast, Inflation, `Downside' Risks

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The transcript features a discussion with Sicilias Kingsley, the Riksbank deputy governor, on the recent rate hikes and their impact on the Swedish economy. It covers the influence of global economies, particularly the US and Europe, on Swedish monetary policy. The conversation also touches on the balance sheet strategy, potential risks, globalization, and the efficacy of negative interest rates. The deputy governor emphasizes the importance of inflation targets and the need for pragmatic policy adjustments in response to economic changes.

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7 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the main reason for the recent rate hikes in Sweden?

To combat deflation

To reduce unemployment

To align with the US and ECB policies

To address growing price pressures

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the current strategy regarding the Riksbank's balance sheet?

To maintain the current level through reinvestments

To stop all reinvestments

To increase investments

To decrease the portfolio immediately

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is considered the biggest risk to the Swedish economy?

Currency fluctuations

Rising unemployment

Trade disputes

High inflation

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the expected frequency of rate hikes according to the forecast?

No hikes planned

One hike per year

Two hikes per year

One hike per six months

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the deputy governor view the future of globalization?

Countries will become more inward-looking

Governments will not need to rebuild trust in free trade

It will have no impact on economies

It will continue to expand without challenges

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the deputy governor's stance on negative interest rates?

They are ineffective and should be avoided

They have raised borrowing costs significantly

They are a necessary tool for future downturns

They have no impact on the economy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does the deputy governor view the impact of Brexit on interest rates?

It will lead to immediate rate cuts

It depends on how Brexit is resolved

It will have no impact

It will significantly alter the trajectory