Macro Musings with David Beckworth · Monday, September 28, 2026
Governor Erik Thedin elaborates on the operational framework of the Swedish Riksbank, detailing its executive board of five members who share equal power and vote on interest rates. The governor chairs the board, analogous to the Federal Reserve's chair. Board members are selected by a political council appointed by the parliament, ensuring representation of the parliamentary situation.
“Well, we have an executive board of five persons. And we all have the same kind of power and we vote on interest rates and we run the bank together.”
“So, we are selected by a political council or a political committee that is selected by the parliament. So it's basically reflects the parliamentary situation.”
“And they don't have any say on interest rates, and don't have any say on how we run the bank, but they oversee what we are doing.”