Riksbank goes negative and launches QE
Swedish central bank announces unprecedented measures
Sveriges Riksbank has cut its benchmark repo rate below zero for the first time and launched quantitative easing in a bid to fend off deflation.
The Swedish central bank said today it is lowering the repo rate by 10 basis points to -0.10% to counter the effect of lower energy prices. It is expected to remain in negative territory until the second half of 2016, when inflation is forecast to return to the bank's 2% target.
The Riksbank also announced it will buy government bonds worth 10 billion
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