Sweden: Swedish National Bank to cut the repo rate
Effective
18 February 2015
Sweden’s central bank, Riksbank, will cut the repo rate by 0.10 percentage points to -0.10%.
Impact on customers
Clearstream Banking1 advises that customers with positive SEK balances are subject to a minimum negative interest rate according to overnight money market conditions.
Customers should note that the credit interest rates may be subject to change without prior notice.
Further information
For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.
______________________
1. Clearstream Banking refers collectively to Clearstream Banking AG, registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500, and Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248.