Sveriges Riksbank announces big QE boost
Swedish central bank increases size, scope and duration of asset purchases
Sweden’s rate-setting committee announced a big increase for its asset purchase programme today (November 26), saying the country’s economy faced “an uncertain time”.
A majority of the Sveriges Riksbank’s executive board voted to boost its quantitative easing programme by Skr200 billion ($23.4 billion) to Skr700 billion. It also expanded how long it will carry out net purchases under the programme by six months, until December 31, 2021. The board also widened the scope of its purchases but kept
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