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MNI BRIEF: Riksbank Confirms Shift To Self-Financed FX Reserve


(MNI) LONDON
LONDON (MNI)

The Riksbank is moving to a self-financed foreign exchange reserve, replacing foreign currency loans issued via the Swedish National Debt Office and instead purchasing around SEK 5 billion per month in the FX market.

The central bank intends to repay the currency loans taken by the Swedish National Debt Office as they mature, a statement. released Wednesday said, noting the change would "provide the Riksbank with more appropriate long-term funding for the foreign exchange reserve".

The statement said the move has no monetary policy purpose..

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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