June 11, 2020 / 10:49 AM / a month ago

Swedish c.bank's Jansson says good to have period of inflation over target

STOCKHOLM, June 11 (Reuters) - A period of inflation over the Riksbank’s 2% target would be positive after the new coronavirus is over, Swedish central bank Deputy Governor Per Jansson said on Thursday.

“We have gone through quite a long period with inflation quite a long way under target ... so I think it would quite helpful for the expectation picture and the whole system if we a had a period where inflation was over 2% also,” Jansson told reporters.

However, he said this would depend on how much inflation exceeded the target and the reason behind the overshoot. (Reporting by Simon Johnson and Johan Ahlander)

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