STOCKHOLM, March 23 (Reuters) – The Swedish central financial institution will provide 400 billion Swedish crowns ($38.eight billion) in loans to banks to encourage them to extend their lending to firms, as a part of a beforehand introduced bundle, it stated on Monday.
The loans shall be supplied on 4 events between March 27 and April 17 at a variable rate of interest equal to the Riksbank’s repo fee, presently 0%. They’ll have a maturity of two years.
The Riksbank has launched an asset buy programme, a mortgage bundle to banks and a greenback swap cope with the Federal Reserve to assist the Swedish economic system by the coronavirus disaster. ($1 = 10.3065 Swedish crowns) (Reporting by Johan Ahlander; Modifying by Jan Harvey)