Riksbank governor criticises proposed central bank law

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Photo by David Lundberg

Sveriges Riksbank governor Stefan Ingves

Sveriges Riksbank head Stefan Ingves warned lawmakers’ proposed changes to the central bank’s governance would hamper its ability to react to future crises.

“The proposals that exist today are bad proposals and need to be rewritten,” Ingves said in a speech on November 3. “They put a lot of energy in trying to reduce the Riksbank’s independence … and I do not think that is good for Sweden.”

In November 2019, the Riksbank Committee, which has members from all parties in Sweden’s parliament

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