Swe­den ex­pands bond-buy­ing pro­gram

China Daily (Hong Kong) - - BUSINESS -

Swe­den’s cen­tral bank has left its key in­ter­est rate un­changed at a record mi­nus 0.50 per­cent but says it will ex­pand its bond-pur­chase pro­gram by 30 bil­lion kro­ner ($3.2 bil­lion) dur­ing the first half of 2017. The Riks­bank said “in­creas­ingly strong eco­nomic ac­tiv­ity cre­ates the con­di­tions for in­fla­tion to con­tinue ris­ing”. The Stock­holm-based bank added on Wed­nes­day that mon­e­tary pol­icy must re­main “very ex­pan­sion­ary”.

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