Sweden Cuts Deposit Rate to NEGATIVE 0.25

Quote from Martinghoul:

In reality all the Riksbank is trying to do is discourage the banks who will receive money in a 1y unlimited repo from placing them back on deposit with the Riksbank.
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I wonder what the terms of the repo are. Could still be a total windfall...
 
Quote from texrex2002:

I wonder what the terms of the repo are. Could still be a total windfall...
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The terms are not completely finalized yet, as I understand. It's a funny process and a bit different from what the ECB has done. Looks like it's a fixed rate tender, but the rate will be determined in an auction. I don't quite see how this works, but that's what the Riksbank has said so far.
 
Yeah, as credit default swap prices have turned and are heading back up, get the banks to do some lending.

Kind of like Barny Frank recently telling fnm and fre to get back on the stick and do some lending, even if they have to drop lending standards.

This is what democracy brings you. The attempts to suffer no pain. Ever.

We need some Pinochets and Francos.

Soon.
 
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