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The RIX system is functioning normally again
23/10/2018 -The Riksbank has traced and resolved the problem that caused Tuesday's operational disruption to the payment system RIX. The RIX system is functioning normally again, meaning that all transactions between participants are now being carried out...
Repo rate unchanged at −0.50 per cent
24/10/2018 -Economic activity in Sweden is strong and inflation is at the target of 2 per cent. Since the monetary policy decision in September, developments have for the most part been as expected and the forecasts remain largely unchanged. Consequently,...
Minutes of the Monetary Policy Meeting held on 23 October 2018
02/11/2018 -At the Monetary Policy Meeting on 23 October 2018, the Executive Board of the Riksbank decided to hold the repo rate at −0.50 per cent. The forecast for the repo rate is unchanged since the monetary policy meeting in September and indicates that...
The Riksbank’s Business Survey: Economic boom with signs of a slowdown
05/12/2018 -The economic situation continues on the whole to be very good for the business sector. This is the assessment of the major Swedish companies that were interviewed in the Riksbank’s Business Survey in November.
A bank in every town
25/01/2018 -To remedy the lack of coins, Chancellor Axel Oxenstierna proposes setting up a bank in every town. This would make money circulate more quickly and stimulate trade.
The interest rate coup
07/02/2018 -Without informing the Government in advance, the Riksbank raises the repo rate by an entire percentage point, from 4 to 5 per cent. The decision leads to heated political debate but marks the end of the low interest rate policy. ...
Construction starts on the Riksbank building
07/02/2018 -It takes six years for the building, designed by architect Peter Celsing, to be finished. On 8 April 1976, it is time to move into the black granite building at Brunkebergstorg in Stockholm.
The world's largest coin
07/02/2018 -During the 1630s and 1640s, production in the Falu copper mine increased substantially and to keep up the price of copper it was decided to begin manufacturing large plate coins made of copper. The biggest one weighs 19.7 kg and is the largest...
Sweden’s first bank
07/02/2018 -Johan Palmstruch starts Sweden’s first bank, Stockholms Banco. Charles X Gustav emphasises the bank's importance in safeguarding the value of money. ...
First banknotes in Europe
07/02/2018 -Stockholms Banco issues the first real banknotes in Europe. They are a great success, but it all ends in a bank failure.