Sveriges Riksbank (Riksbanken, Swedish National Bank or Bank of Sweden) is the central bank of Sweden. The Bank is responsible for monetary policy with the objective to maintain price stability. The bank has also been given the task to promote a safe and efficient payment system. The Riksbank's interpretation of price stability is that inflation should be at a low, stable rate. The consumer price index, CPI, should be maintained at around 2 per cent. The Riksbank's main tool for influencing inflation is the repo rate.
The Riksbank is the world's oldest central bank.
HQ: Stockholm, Sweden
Founded: 1668
ID: 1061. Updated: 16.11.2021
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