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MNI (London)
     LONDON (MNI) - Sweden's Riksbank increases QE to SEK 500 billion through
end September 2021 and left the key repo rate unchanged at 0.0% at its latest
meeting.
++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++
The full text of the Riksbank announcement follows:
Monetary policy July 2020: 
Monetary Policy Report, July 2020 To avoid an unnecessarily prolonged and deep
decline in the economy and inflation, the Executive Board has decided on several
measures. The framework for the asset purchases made by the Riksbank since the
crisis began is being extended from SEK 300 billion to SEK 500 billion up to the
end of June 2021. In September, the Riksbank will also begin purchasing
corporate bonds. 
     The Executive Board has further decided to cut interest rates and extend
maturities on lending to banks. At the same time, the repo rate is held
unchanged at zero per cent. The measures are helping to keep down general
interest rates in the economy and to maintain access to low-cost funding. In
this way, the Riksbank is providing support to the recovery in the economy and
inflation.
--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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