Riksbank offers new fixed-rate loans

Date

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 12 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 14 September. The minimum bid rate for the auction 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 16 September 2009. The maturity of the loan is 343 days, that is, approximately 12 months.

Further information on the terms for the fixed-interest rate loans will be published on 10 September 2009 on the Riksbank’s website, www.riksbank.se
.

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Press office, tel. +46-(0)8-787 0200

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