Monetary Policy Report, April 2020

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.