Riksbank signals rates likely to stay at zero for several years

Photo by David Lundberg
Sveriges Riksbank

Sveriges Riksbank says its policy rate is likely to stay at zero at least until 2023, as the economy continues to grapple with the effects of the Covid-19 pandemic.

In its latest policy statement, unveiled today (September 22), the Riksbank indicates that it does not plan to take the rate negative. However, it leaves the option of further rate cuts open.

The central bank’s forecasts indicate a likely repo rate of 0% in Q3 2023, the end of the forecast horizon. Unemployment is expected to peak

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