Riksbank offers new fixed-interest rate loans

The Executive Board of the Riksbank has decided to offer loans to the banks at a fixed interest rate and with a maturity of approximately 11 months. This should contribute to continued low interest rates on loans to companies and households.

The Riksbank’s assessment is that supplementary measures are still needed for monetary policy to have the intended effect. The Riksbank’s monetary policy counterparties, including the restricted monetary policy counterparties, will be offered loans through an auction held on 2 November. The minimum bid rate for the auctions will be the repo rate with an addition of 0.15 percentage points. The loan volume offered is SEK 100 billion, with a payment date of 4 November 2009. The maturity of the loan is 336 days, that is, approximately 11 months. Further information on the terms for the fixed-interest rate loans will be published on 29 October 2009 on the Riksbank’s website, www.riksbank.se.

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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.