This has to be seen, inter alia, against the background of a period of high growth in Sweden in recent years, led predominantly by domestic demand. At the same time, the fiscal stance has become more neutral, resulting in a rapid closing of the output gap.
Addressing potential risks at their origin also reduces the probability of contagion throughout the euro area. Microprudential policies also help to reduce vulnerabilities in banks. I therefore welcome the European Commission’s risk reduction proposals presented last November, which further develop the EU’s legal framework for credit institutions and should increase the resilience of banks. Conclusion Let me conclude.