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.