Riksbank to leave interest rate unchanged

The Riksbank (The Swedish Central Bank) will leave Sweden’s core interest rate – the repo – unchanged while increasing its programme of purchasing government bonds by SEK 15 billion, to SEK 290 billion, reports Dagens Nyheter. The Riksbank will also push back the date of its prognosis for when increased interest rates will be implemented to the middle of 2018. The Riksbank says that global political instability is a threat to future economic progression, thus resulting in the rate stabilising at 2% taking longer than expected, a reason behind the Riksbanks decision to leave the repo rate unchanged.

 

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Jessica Nilsson Williams is the CEO & Founder of Mundus International. She has a long-standing interest in international affairs, having studied and worked in the field for more than 20 years. She began her career as the political advisor at the U.S. Embassy in Stockholm, and then worked in London and Singapore before returning to Stockholm. In 2011 she took up a senior role at the New Zealand Embassy before founding Mundus International in 2012. In addition to working for foreign missions, she has worked in sectors such as NGOs and non-profit organisations (e.g. the Clinton Foundation and the International Red Cross), and television. Jessica is a Member of the Board of the Swedish Cricket Federation.