Riksbank to reduce reserves and toughen ELA regime

Sveriges Riksbank
Photo: Arild Vågen

Sweden’s central bank will reduce its international reserves after commercial lender Nordea moved its headquarters to Finland, it said today (March 6).

The move means Sveriges Riksbank has a lower need for emergency liquidity funds. The Swedish central bank will cut its gold and forex reserve portfolio of the Swedish central bank by $8 billion to $48 billion by October 2019. The Riksbank said it will implement the cut by not refinancing currency loans from the Swedish National Debt Office that

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