Riksbank renews Covid-19 lending facilities
Riksbank extends $60 billion facility and will penalise banks that do not lend to non-financial firms
Sweden’s central bank will continue to offer up to $60 billion in loans to banks until the end of September, its executive board has decided.
The central bank started the loan programme in March 2020 in a bid to cushion the economic impact of the Covid-19 pandemic.
Sveriges Riksbank’s board also revised the terms of its Swedish kronor lending programme to encourage banks to increase their lending to non-financial companies.
In a statement published March 10, the central bank said it was
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