Riksbank tweaks forward guidance, citing Brexit uncertainty
Central bank says it will likely only raise policy rate from the second half of 2017 onwards
Sweden's central bank, Sveriges Riksbank, will keep its policy rate lower for longer, it announced today (July 6), in light of the "considerable uncertainty" over economic developments abroad.
Its executive board kept the repurchase agreement (repo) rate at –0.5%, while the Riksbank will continue buying government bonds during the second half of the year, until total purchases reach Skr245 billion ($28.6 billion).
Following the UK's vote to leave the EU, the board expects "a longer delay until
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