Riksbank maintains loose policy
Swedish central bank says it will fully use Skr700 billion portfolio of asset purchases
The board of Sweden’s central bank kept its ultra-loose policy stance unchanged after its monetary policy meeting today (July 1).
The Sveriges Riksbank board decided to keep the repo rate at 0%. It also said it intends to fully use the Skr700 billion ($81.7 billion) portfolio of asset purchases until the end of 2021.
“The expansionary monetary policy contributes to strengthening economic activity and is thus a prerequisite for inflation to be more permanently close to the target of 2%,” the
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