Riksbank renews Covid-19 lending facilities

Riksbank extends $60 billion facility and will penalise banks that do not lend to non-financial firms

Photo: Sveriges Riksbank

Sweden’s central bank will continue to offer up to $60 billion in loans to banks until the end of September, its executive board has decided.

The central bank started the loan programme in March 2020 in a bid to cushion the economic impact of the Covid-19 pandemic.

Sveriges Riksbank’s board also revised the terms of its Swedish kronor lending programme to encourage banks to increase their lending to non-financial companies.

In a statement published March 10, the central bank said it was

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