Intervention Categories: Finance policy and financial aid; Monetary and macro-financial policy
Level of Jurisdiction: National
Overview: The Riksbank (Sweden’s central bank) has decided to lend up to SEK 500 billion to companies via banks, to avoid robust companies being knocked out as a result of the spread of the coronavirus.
Banks will be allowed to borrow an unlimited amount at three months’ maturity on a weekly basis against collateral at an interest rate of 20 basis points above the repo rate. Flexibility will be increased on collateral requirements for banks when they borrow money from the Riksbank.
Full details here: https://www.riksbank.se/sv/press-och-publicerat/nyheter-och-pressmeddelanden/pressmeddelanden/2020/riksbanken-lanar-ut-upp-till-500-miljarder-for-att-sakerstalla-kreditforsorjningen/