On 2 November the Riksbank offers loans at fixed interest rate

The Riksbank decided on 21 October 2009 that supplementary measures are needed for monetary policy to have the intended effect. The Riksbank offers a loan on 2 November at a fixed interest rate with a maturity of approximately 11 months to its monetary policy counterparties

The loan will be provided in an auction to be held on 2 November 2009. The offered volume in the auction is SEK 100 billion where the monetary policy counterparties present bids stating both interest rates and the desired loan volumes. The minimum bid rate is the repo rate with an addition of 0.15 percentage points. The loans are provided against normal collateral and the payment date is 4 November. The maturity of the loans is 336 days, that is, approximately 11 months. The restricted monetary policy counterparties can participate in the auction.

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The Riksbank is Sweden's central bank and an authority under the Riksdag, the Swedish parliament. The Riksbank is responsible for monetary policy with the objective to maintain price stability. The bank has also been given the task to promote a safe and efficient payment system.


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