Riksbank surprises observers with fresh QE and dovish message
Swedish central bank extends QE programme and delays next rate hike
The executive board of Sveriges Riksbank surprised investors and observers today (April 25) by extending the central bank’s bond-buying programme and delaying rate hike forecasts.
Policy-makers announced the Riksbank “will purchase government bonds for a nominal value of 45 billion Swedish krona ($4.7 billion) from July 2019 to December 2020”. Additionally, future rate increases “are expected to occur at a somewhat slower pace”, than projected in their last policy statement in February.
Policy
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