Riksbank tightens policy for first time since pandemic's onset

Swedish central bank surprised analysts by raising rates and reducing asset reinvestments

riksbank
Photo: Sveriges Riksbank

Sweden’s central bank raised policy rates for the first time since the beginning of the Covid-19 pandemic and announced plans to reduce its balance sheet.

Sveriges Riksbank’s executive board increased the repo rate by 25 basis points to 0.25% today (April 28). It also decided to stop purchasing Treasury bills and to reduce the pace at which it reinvests maturing assets it purchased in 2020 and 2021.

The rise followed months in which the Riksbank declined to follow other European central banks

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.