Sweden’s Riksbank Seeks $4.1 Billion to Restore Equity

Annelise Svensdotter
1 min read

Sweden’s Riksbank has formally requested a capital injection of 43.7 billion Swedish kronor ($4.1 billion) to restore its equity to the basic level mandated by law. The central bank incurred substantial losses on bonds accrued during a period of sluggish inflation, prompting the proposal submitted on Tuesday. This move comes as a response to address the impact of the losses on the central bank’s financial position.

This article is submitted by our user under the News Submission Rules and Guidelines.The cover photo is computer generated art for illustrative purposes only; not indicative of factual content.

Subscribe to our Newsletter

Get the latest in enterprise business and tech with exclusive peeks at our new offerings