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However, the Swedish Financial Supervisory Authority, Finansinspektionen, which has had the responsibility for macroprudential policy since 2014, has taken measures and as a result of this, and possible for other reasons, prices have slowed (see Figure 5). Although lending to households has continued to increase, this has dampened criticism against the effects of the expansionary policy on debt and housing prices. A gradual slowdown in the rate of increase in debt accumulation has probably also played a role. Recently, the discussion has instead focused on the development of the Swedish krona. The expansionary monetary policy has, via the normal exchange rate channel, contributed to a depreciation of the krona. But in countries with inflation targets, like Sweden, it is the inflation target that should anchor long-term expectations while the exchange rate will vary. In recent years, the krona has developed in a similar way as the currencies of other small open economies, although it has been relative weak very recently (see Figure 6). Neither is there reason to believe that Swedish inflation relative to abroad will cause a trend depreciation of the krona exchange rate, as virtually all countries in the world have an inflation target of more or less exactly 2 per cent, just like in Sweden. This is of course in itself no guarantee that we will not see trends in the krona exchange rate.