on the Riksbank's decision comes after a so-called swap arrangements with the us, the riksbank, the Federal Reserve, in which the Swedish krona exchanged for u.s. dollars. The u.s. dollar is important for the Swedish banks, especially at a time when many of the loans were taken out, and must be paid in respect of the particular dollar. However, the pressures of the international economy has created a shortage of the currency, which has also made it more expensive to come across.
" the Riksbank will have an opportunity to not only lend to the crowns, but also to the dollar. This is to ensure that the payments that needs to be done to be able to be done, " says the economist, Thomas Olofsson, and with the experience of the ministry of finance and the Swedish national debt office SWEDISH.)
in a press release, the development of the situation in the financial markets, both in Sweden and in other countries, there is ”a lot faster”. It is, therefore, prepared to take further action, and states that: ”in All, the Riksbank's tools can be used.”
Thursday's announcement also includes no limits to how a large percentage of mortgage-backed securities can be used as collateral when they borrow money from the Riksbank. In the past the limit has gone by the 80 per cent, while the remainder is made up of mainly government bonds. Now it will be past the boundary off, and the loans can be taken of the whole of mortgage-backed securities.
" the Riksbank has taken over more than half of the statsobligationsstocken, so you may have a shortage of government bonds to post as collateral. This provides the opportunity, as the bostadsobligationsstocken is greater than the statsobligationsstocken, it just means that the Riksbank can accept more types of collateral, and are more likely to be married with the restrictions. Otherwise, there would be a lack of security, and the banks would not be able to get their hands on the bucks you will need, " says Thomas Olofsson.
also, you are going to start buying corporate bonds, or corporate securities, in order to hold down interest rates.<