Let me also say a few words about how we work to be able to carry out these tasks in a good way. 5 Riksbank's Annual Report 2009, Figure 11;  http://www.riksbank.se/Upload/Dokument_riksbank/Kat_publicerat/Rapporter/2010/ar2009_en.pdf 6 https://www.riksgalden.se/en/aboutsndo/Guarantees-and-lending/Our-guarantees/  6 [12]  Regular analysis of the stability of the financial sector and good crisis preparedness To be able to fulfil our liquidity supporting role in a crisis, we must have good knowledge of the financial system and its participants. We therefore analyse financial companies, infrastructures and markets, as well as the links between them, both under normal circumstances and in times of crisis. In the initial stage of a crisis – when the Riksbank needs to make a decision on liquidity support of several billion in the course of a day or so, or in the worst case a few hours – it is not possible to start analysing the bank that is in distress and what links it may have to other participants in the financial system. Being a slow starter does not work, as the course of a crisis can be very rapid. A regular analysis of banks and other financial companies even during normal circumstances is needed also to ensure that the institutions that are members of RIX have good risk management, so that they are stable and do not subject the system to major risks.
But before the minutes are published it is the majority line that applies when we Executive Board members make speeches outside of the Riksbank. After that we members are each free to describe our personal differences of opinion regarding the interest rate decision. Constant assessment means that we are always prepared for change Let me round off. Today I have talked about the major changes in recent years in the way we produce material used as a base for our interest rate decisions. Some of these have come about because the methods of making forecasts in general have developed, something that also affects other central banks. Other changes have been shaped by the specific conditions that apply in Sweden. The Riksbank’s independent position makes demands on us to be open and clear, what economists usually term transparency. The Riksbank’s decision to begin publishing its own forecasts for the repo rate is a step in the work on increasing transparency and further improving our analysis. 10 The new assumption for the repo rate has led to the Executive Board becoming more involved in the forecasting process. We are constantly evaluating our forecasts to see how successful they are at capturing developments. This also means we are constantly striving to improve our ways of working. If we make any major changes that have significance for our forecasts we will of course let you know.