Riksbank speculation costing billions

Fund managers around Europe, Asia and the US have expressed surprise in the past six months over the Riksbank’s negative interest rates and bond-buying programme in the midst of a boom merely because inflation is not around the 2% target, writes business daily Dagens Industri.

The portfolio managers’ concerns over the Riksbank have resulted in an aversion towards the krona, which has fallen against virtually every other currency in the world. The Riksbank’s speculative dealings are costing taxpayers in Sweden billions, argues the paper