Riksbank ramps up QE
Economy recovering but signs of financial stability risk worsening
Sveriges Riksbank today (April 29) doubled the size of its quantitative easing (QE) programme, but unexpectedly left rates on hold at -0.25%.
The central bank added another Skr40–50 billion ($4.8 billion–5.9 billion) to its asset purchase programme, bringing the total to Skr80 billion–90 billion. It also "significantly" lowered its guidance on the path of future rates, and signalled it could cut rates further.
"These measures and the readiness to do more underline that the Riksbank is
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