Sweden's central bank expanded its quantitative easing and maintained interest rate at zero to support recovery and lift inflation as the coronavirus pandemic substantially hurt the economy.
The executive board of Riksbank decided to expand the asset purchases programme to SEK 500 billion from SEK 300 billion. The programme will continue until the end of June 2021.
The bank left its repo rate unchanged at zero percent and signaled that it is prepared to take the rate to negative zone.
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Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.