Riksbank upgrades Latvian swap line

The Riksbank has extended its swap line with the Bank of Latvia and raised the amount on offer to €500m ($675m).

The central bank said on Friday that it had decided to prolong the agreement, made last December, and extend the amount that it will provide from €375m to €500m.

"The swap agreement constitutes short-term funding to contribute to safeguarding macroeconomic and financial stability in Latvia," the Riksbank said.

Swedish banks have substantial operations in Latvia, and its Baltic neig

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