Riksbank moves into negative rate territory
The Riksbank will charge banks 0.25% interest for holding their reserves at the central bank after cutting its deposit rate to -0.25% from Wednesday.
The central bank cut its benchmark repo rate to 0.25% last Thursday, 1 July. It maintained the 50 basis-point difference between the key rate and the lending rate, which was lowered to 0.75%, and the key rate and the deposit rate, which fell to -0.25%. All decisions will come into force on Wednesday.
Despite numerous unconventional measures taken
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