The Swedish Central Bank has made a decision regarding a so-called deposit requirement for Swedish banks, according to a press release. Swedish banks and credit institutions are to hold a total of 40 billion kronor in interest-free deposits to the Swedish Central Bank from and including autumn.
“The purpose of the interest-free deposit is to contribute to the Swedish Central Bank's ability to self-financing and the decision is not expected to have any significant effects on either financial stability or monetary policy,” writes the Swedish Central Bank.
