Riksbank maintains stimulus as it revises up growth forecasts
Swedish central bank says a return to negative rates is possible if inflation target is imperilled
Sveriges Riksbank kept its monetary stimulus unchanged in a unanimous decision of its executive board today (April 27).
As a result, the repo rate remains at 0%, and the portfolio of the asset purchase programme at Skr700 billion ($83.4 billion). The Swedish central bank added it is willing to cut interest rates back to negative territory if accomplishing the 2% inflation target becomes more difficult.
The executive board announced the envelope for asset purchases will be fully deployed by the
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