Riksbank to reduce reserves and toughen ELA regime

Sveriges Riksbank
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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