The theme: Was about saving Sweden from a crisis
Riksbank governor Erik Thedéen defends his representative Stefan Ingve's extensive support purchases - even though they have now led to a capital need of SEK 80 billion. It is written by DI.
The idea describes it as "very well invested money" because the purpose was to save Sweden from a financial crisis during the pandemic. At the same time, he believes that the bond purchases should have been wound down earlier.
- That was what I thought from the side, but I also have great respect for the fact that you can make a different assessment if you are sitting with all the information that I do not have.
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Swedish interest rates
The Riksbank needs 80 billion after interest rate shock
The Riksbank needs an addition of almost SEK 80 billion to "restore its capital", according to a preliminary analysis that was presented to the Riksdag's finance committee on Tuesday.
In 2022, the Riksbank reported a loss of just over SEK 80 billion, as a result of rising interest rates eroding the value of the bank's bond holdings.
- In order for trust in an independent monetary policy to be maintained in the long term, it is necessary for the Riksbank to be financially independent, that is, to have sufficient equity, says Riksbank Governor Erik Thedéen
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