Riksbank will start buying municipal bonds

riksbank
Photo: Sveriges Riksbank

Sveriges Riksbank added municipal bonds to its asset purchase programme after an extraordinary monetary policy meeting on April 21.

The new acquisitions will amount to 15 billion kronor ($1.5 billion) and are part of the 300 billion kronor purchase programme the institution unveiled in March, due to run until the end of 2020. Through this programme, the Riksbank is buying government bonds, covered bonds and commercial paper issued by national non-financial corporations in local currency.

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