RTTNews - The Swedish central bank left its key rate unchanged at 0.25% on Thursday. The repo rate is expected to remain at this low level until autumn 2010.
The Executive Board of the Riksbank said the interest rate needs to be low over a long period of time to come to enable a stable recovery in the economy and to attain the inflation target of 2%.
The central bank added that supplementary measures are required to ensure that monetary policy has the intended effect. So the Executive Board decided to offer further loans totaling SEK 100 billion to the banks at a fixed interest rate and with a maturity of around 12 months.
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