Central Banks Claim to Preserve the Value of Money Through Inflation

Central Banks Claim to Preserve the Value of Money Through Inflation

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It may sound like a bad joke, but several central banks actually claim this. On the website of Sweden’s central bank, the Riksbank, you can read it both in English and Swedish. In English, the statement says: “The Riksbank is Sweden’s central bank. We ensure that money retains its value (over time).” The Swedish version translated to English says the same but with the words “over time” added. England’s central bank, the Bank of England makes a similar statement on their website, saying: “We guard the value of your money by keeping prices stable.”
Then there is Bank of Canada:...
Source: https://www.newswars.com/central-banks-claim-to-preserve-the-value-of-money-through-inflation/