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Riksbank exchanges EU payment
31/01/2018 -Sweden's EU membership entails monthly contributions to the EU's budget. These payments are made in Swedish kronor by the Swedish government and exchanged into euro in the foreign exchange market by a recipient central bank within the EU.
Repo rate unchanged at –0.50 per cent, reinvestment of redemptions brought forward
14/01/2018 -The strong economic activity has contributed to inflation being close to 2 per cent for a period of time. Monetary policy needs to remain expansionary for inflation to continue to be close to the target. The Executive Board of the Riksbank has...
Minutes of the Monetary Policy Meeting held on 25 October 2017
17/01/2018 -At the Monetary Policy Meeting on 25 October 2017, the Executive Board of the Riksbank decided to hold the repo rate unchanged at −0.50 per cent. The first rate increase is expected to be made in the middle of 2018, which is the same assessment...
Almost all banknotes and 46 per cent of coins have been returned to the Riksbank
14/01/2018 -Sweden’s largest banknote and coin changeover is now almost complete. It is still possible to deposit invalid 100 and 500-krona banknotes into bank accounts up to and including 30 June 2018. So far, 92 per cent of all of the banknotes and 46 per...
CPIF target variable for monetary policy
14/01/2018 -The Executive Board of the Riksbank has decided to adopt inflation measured in terms of the CPIF (the consumer price index with a fixed interest rate) as a formal target variable for monetary policy. The target for monetary policy is that the...
Repo rate unchanged at −0.50 per cent − bond purchases according to plan
14/01/2018 -Economic activity is strong and inflation is close to the target of 2 per cent. Monetary policy needs to remain expansionary for inflation to continue to be close to 2 per cent. The Executive Board of the Riksbank has therefore decided to hold...
Henrik Braconier new Head of the Financial Stability Department
14/01/2018 -The Executive Board of the Riksbank has appointed Henrik Braconier as new Head of the Financial Stability Department. Henrik Braconier is currently Chief Economist at Finansinspektionen (the Swedish financial supervisory authority). He will take...
Repo rate unchanged at −0.50 per cent, bond purchases according to plan
14/01/2018 -Economic activity is strong and inflation is approaching 2 per cent. The Riksbank’s monetary policy has contributed to this. But it has taken time to bring up inflation and a continued expansionary monetary policy is required for it to stabilise...
Just over SEK 8 billion left – banks can still accept older banknotes and coins
14/01/2018 -Friday 30 June is the last day the older 100- and 500-krona banknotes and the older 1-, 2- and 5-krona coins can be used as legal tender. It is still possible to deposit them in a bank account, however.
Riksbank calls on banks and retailers to take greater responsibility for coin changeover
14/01/2018 -The Riksbank calls on the banks to ensure that their customers in the retail trade have sufficient supplies of new coins prior to the conclusion of the coin changeover. At the same time, the Riksbank calls on the retail trade to stop handing out...