Sweden’s Central Bank Adds Heavy Dose of QE

Jul.01 — Sweden’s central bank, the Riksbank,is adding another 21 billion dollars in quantitative easing and expanding the program into corporate bonds but decided not to return to a negative monetary policy and maintained its rate at zero. The Swedish economy is expected to contract 4.5% this year but the lockdown was looser than elsewhere in Europe – that resulted in one of the highest death rates per capita. Governor Stefan Ingves spoke with Bloomberg’s Rafaela Lindberg.


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During the 2020 Covid-19 epidemic, lockdown has come to mean the practice of attempting to control transmission of the virus by means of restricting people’s movement and activities on a broad scale, usually on a national or state-wide basis.

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In This Story: Sweden

Sweden is a Scandinavian nation with thousands of coastal islands and inland lakes, along with vast boreal forests and glaciated mountains. Its principal cities, eastern capital Stockholm and southwestern Gothenburg and Malmö, are all coastal. Stockholm is built on 14 islands. It has more than 50 bridges, as well as the medieval old town, Gamla Stan, royal palaces and museums such as open-air Skansen.

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