Riksbank backs fiscal stimulus with massive QE programme


Sveriges Riksbank

Sveriges Riksbank: announcement enhances the liquidity provision announced on March 13

Sveriges Riksbank unveiled a stimulus package on March 16, which included a massive asset purchase programme, aimed at maintaining credit supply during the Covid-19 crisis.

Following an extraordinary monetary policy meeting, the Riksbank’s executive board announced it intends to buy 300 billion kronor ($30 billion) or 6% of GDP this year.

The central bank said it will immediately start buying government bonds. Additionally, it reduced the overnight lending rate for banks to 0.2 percentage

You are currently unable to copy this content. Please contact [email protected] to find out more.



Source link

Free Course

"Double Your Traffic in 30 days" + Secret Bonus

valued at $299

This amazing course will teach you, step by step, how to double if not triple your traffic over the next 30 days.

100% Privacy. We will never spam you!

Comments