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MNI: Sweden Riksbank - Repo Leaves Key Rate At 0% - Text

MNI (London)
     LONDON (MNI) - Sweden's Riksbank left the key repo rate unchanged at 0.0%
at its latest meeting.
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
The full text of the Riksbank announcement follows:
     Repo rate unchanged at 0.0 per cent
     The corona pandemic is hitting the world hard and restrictions to reduce
the spread of infection are leading to widespread economic consequences. In
recent weeks, the Executive Board of the Riksbank has taken decisions on a large
number of measures. The aim has been to facilitate credit supply in the economy
and counteract a rise in interest rates to households and companies as
uncertainty in the economy increases. 
     At yesterday's monetary policy meeting, the Executive Board of the Riksbank
decided to continue purchases of government and mortgage bonds up to the end of
September 2020 and to leave the repo rate unchanged at zero percent. The
Riksbank is prepared to continue to use the tools at its disposal to provide
support to the economy and inflation. The combination of appropriate measures
will be adjusted to economic developments
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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