Global Economic News

Riksbank Keeps Rate Unchanged; Doesn't Rule Out Negative Rate

Sweden's central bank kept its repo rate unchanged at zero percent but does not rule out a rate cut later to stimulate demand and support inflation in the recovery phase.

The executive board of Riksbank decided to continue purchases of government and mortgage bonds up until the end of September 2020. The bank will buy securities up to SEK 300 billion this year.

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by RTTNews Staff Writer

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