Riksbank to focus on liquidity against Covid-19
Governor Ingves says a rate cut is not the most important measure now
The Sveriges Riksbank is focusing on making sure banks and companies enjoy ample access to liquidity to deal with the negative impact of Covid-19.
In a hearing on monetary policy before the parliamentary committee on finance, governor Stefan Ingves and deputy governor Anna Breman acknowledged today (March 10) that Covid-19 “will unavoidably have negative effects on economic activity”.
Ingves said the Riksbank’s “assessment right now is that maintaining the supply of liquidity is the most
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