ECB and Riksbank present united front on reserves threat

Cecilia Skingsley
Cecilia Skingsley: "Liquidity determines how well one copes with the problems"

The European Central Bank and Sveriges Riksbank have both criticised Swedish government proposals that could cut the country’s foreign exchange reserves in half.

The draft law would require the Riksbank to pay back the Skr257 billion ($29.5 billion) it has borrowed from the government to finance its foreign exchange reserves – amounting to around half its total reserves. In future, the central bank would only be able to borrow up to Skr50 billion, and that only with the government’s permission

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: