🇸🇪 SEK Press Releases

“2025 was a dramatic year in the world, not least as a result of the US administration’s shift in foreign and security policy, which increased uncertainty regarding the outlook for the Swedish economy.” These were the words of Governor Erik Thedéen when he opened the Committee on Finance's hearing of the Executive Board on the monetary policy conducted in 2025.

The Riksbank's quantitative tightening has so far had limited effects on risk premia and bank deposits. One reason for this, according to a new analysis by Erik Andersson and Peter Kaplan at the Riksbank, is that much of the reduction in the Riksbank's bond holdings has been absorbed by banks and by investors - including hedge funds - who have financed the purchases with bank loans.