Ingves mulls asset purchases as Riksbank cuts repo rate to zero
Ingves mulls asset purchases as Swedish inflation rate expected to be negative
Sveriges Riksbank dropped its benchmark interest rate to 0% today, while governor Stefan Ingves suggested quantitative easing was a possibility if the historic cut fails to spur higher inflation.
The Swedish central bank is the first developed-country monetary authority to slash the rate on repurchase agreements, or repos, to zero. Others, including the Czech National Bank and European Central Bank, are close to, but just above, zero.
The cut, as well as Ingves' rhetoric in a press conference
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