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Sweden · Economy & Business · Hard
The Swedish word 'ränta' (interest rate) became famous globally in 2015 when the Riksbank introduced what unprecedented monetary policy?
Answer: Negative repo rate (below zero) — Sweden's Riksbank was among the first central banks to set its key policy rate below zero (to -0.10%) in February 2015, maintained until late 2019.
- A Direct cash distributions to citizens
- B Negative repo rate (below zero) ✓
- C A gold-backed digital currency
- D Mandatory lending quotas
Sweden's Riksbank was among the first central banks to set its key policy rate below zero (to -0.10%) in February 2015, maintained until late 2019.