12 Feb 2015
Sweden’s Riksbank cut interest rates to negative, gets on the QE train
FXStreet (Mumbai) - Sweden’s Riksbank surprised markets today as it cut interest rates to -0.1% and announced a government bond purchase program worth SEK 10 billion.
The central bank said it would maintain the interest rate at -0.1% until CPI does not recover to near 2% level. The banks said the inflation at the moment is too low sees signs of bottoming out. Furthermore, the bank made it clear that it would be desirable to hold interest rates at record lows till H2 2016.
The central bank said it would maintain the interest rate at -0.1% until CPI does not recover to near 2% level. The banks said the inflation at the moment is too low sees signs of bottoming out. Furthermore, the bank made it clear that it would be desirable to hold interest rates at record lows till H2 2016.