Weekly market operations at longer maturities in kronor

The Riksbank is offering the banks the opportunity to borrow an unlimited amount of money on a weekly basis against collateral at three or six months’ maturity at the repo rate to mitigate the effects of the corona pandemic on the Swedish economy.

The banks’ access to liquidity in Swedish krona needs to be strengthened to facilitate their funding and thereby their role as suppliers of credit to Swedish companies. As the current situation on the financial markets is very uncertain, the maturity for the credit will amount to three or six months.

This offer will not have any upper limit to the amount, other than that following from the Riksbank accepting, for this credit, the same collateral as applies to the Riksbank’s credit in RIX in accordance with the Terms and conditions for RIX and monetary policy instruments.

These market operations will take place every week, on Mondays, and continue until the Riksbank decides otherwise. Monetary policy counterparties can submit bids by telephone between 11.00 and 11.30; refer to the special terms for more information.

This is a new measure and these market operations started on 18 March 2020.

Outstanding loans in Swedish kronor

Here, we present the Riksbank’s total net lending of Swedish kronor. Net lending means Swedish kronor lent, minus the Swedish kronor paid back to the Riksbank at that point in time. 

Figure: Net lending in Swedish kronor

The diagram shows the Riksbank’s total net lending of Swedish krona within the scope of this programme. The figures are stated in SEK billions. Source: Sveriges Riksbank.

Change in outstanding loans in Swedish kronor
  SEK billions
Outstanding volume 31 August 2020 3
New lending in September 2020 0
Repayments in September 2020 0
Outstanding volume 30 September 2020 3

 

Total lending in Swedish kronor

Here we present the Riksbank’s total lending of Swedish kronor to the Riksbank’s monetary policy counterparties. The Riksbank is offering to lend an unlimited amount of Swedish kronor against collateral at three or six months’ maturity at an interest rate of the repo rate.

Figure: Loans in Swedish kronor

The diagram shows, at each respective point in time, the Riksbank's total lending in Swedish kronor within the scope of this measure since the measure was initiated in March 2020. The figures are stated in SEK billions. Source: Sveriges Riksbank.

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Updated 19/10/2020