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Riksbank Deputy Governor’s presentation on monetary policy and macro- security issues
During her working visit to the State Bank of Vietnam (SBV), Deputy Governor Barbro Wickman-Parak of the Riksbank of Sweden made a presentation on monetary policy towards targeted inflation and macro- security issues on May 3 in Hanoi.
The presentation was attended by Mr. Sigvard Ahlzen, Senior Advisor and Secretary of the Management Board, and Ms. Mithra Sundberg, Head of the Secretariat of the Management Board, on the Riskbank side, and Directors and officials of several SBV departments and entities.
Regarding the monetary policy towards targeted inflation, Ms. Barbro Wickman-Parak said that it is necessary to effectively conduct the inflation-targeted monetary statistics and forecast to bring about positive effect on the economy. At the same time, she stressed that central banks should pay much attention to communication and information on the monetary policy, transparency of information, and promotion of public confidence in their implementation solutions, management capacity and strategic directions .
Regarding macro-security issues, Ms. Barbro Wickman-Parak confirmed that the macro-security policy is a new substance being debated by many central banks. She added that the objective of the macro- security policy is to understand the interaction between macro-economic factors and financial institutions prior to crisis for systematic risk forecast in order to come up with proper policies and solutions.
Moreover, Ms. Barbro Wickman-Parak and experts of the Riksbank shared with the attendants their experiences related to monetary policy management under the framework of targeted inflation and macro- security issues.
For her part, Ms. Do Thi Nhung, Deputy Director General of the Monetary Policy Department spoke highly of the Riksbank’s support and assistance to improve SBV policy makers’ capacity in recent years. She stated that this is a good chance for the SBV policy makers and Riksbank experts to exchange their experiences related to the SBV monetary policy management and its orientation in the coming time. She said that the experience sharing at this presentation is very practical for the SBV
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