Riksbank expands QE as second pandemic wave hits
Swedish central bank holds rate at 0% and expands asset-purchase programme to include treasury bills and sovereign and municipal green bonds
26 November 2020 - 17:51
Stockholm — Sweden's central bank said on Thursday it would expand and extend its asset-purchase programme to support the economy through a second wave of the coronavirus pandemic, as it kept its benchmark interest rate on hold at 0%, as expected.
Parts of Europe are reimposing lockdowns and Sweden is tightening restrictions, so the economic recovery is expected to stall in the coming months. The slowdown is still forecast to be milder than in the second quarter, when Swedish GDP contracted a record 8.3%...
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