Riksbank’s Ingves Says No Need for FX Mandate in Current Environment

The video discusses the current state of the Swedish and global economy, highlighting the balance between weak data and strong economic conditions. It covers GDP and inflation forecasts, potential risks like Brexit and eurozone issues, and the influence of ECB and Fed policies. The discussion also touches on QE reinvestment plans, currency interventions, and the transition from cash to digital currency, emphasizing the need for legal definitions in a digital world.

What is the main reason for keeping the Swedish monetary policy unchanged despite weaker data?

• High unemployment rates

• Strong demand pressure in the economy

• Global economic downturn

• Decreasing inflation rates

Which external factor is NOT mentioned as a risk to the Swedish economy?

• Regional trade issues

• Eurozone developments

• Brexit

• US-China trade war

Why were the QE reinvestment plans not up for discussion?

• They were already set for a future date

• The plans were deemed unnecessary

• Inflation rates were too high

• The currency market was stable

What was the reason for not extending the mandate for quick interventions in the currency market?

• Unemployment was high

• Inflation was below target

• The currency was too volatile

• Inflation was around the target

What is a significant change in the Swedish financial sector mentioned in the final section?

• Decrease in digital transactions

• Rapid move towards digital currency

• Introduction of new banknotes

• Increased use of cash

What is a key issue that needs to be addressed with the transition to digital currency?

• Increasing cash reserves

• Enhancing physical security of banks

• Reducing digital transaction fees

• Defining legal tender in a digital world

Who ultimately has the authority to decide on the legal definition of tender in Sweden?

• The Swedish Parliament

• The European Central Bank

• The Swedish Central Bank

• The National Debt Office