Riksbank Plans to Fund Part of Its Foreign Currency Reserve With Foreign Currency Loans via the Debt Office

What the Riksbank announced

Sveriges Riksbank said on 4 November 2026 that it plans to finance part of its foreign currency reserve with foreign currency loans arranged through the Swedish National Debt Office. The amount involved is the equivalent of around SEK 200 billion.

Purpose of the change

According to the Riksbank, the aim is to reduce currency risk on its balance sheet. The plan is also intended to replace the FX swaps that the central bank has used for currency hedging since 2023. In other words, loans in foreign currency obtained via the Debt Office would take over the role those swaps have played in the funding and hedging arrangement.

What it does not change

The Riksbank stressed that the change is not intended to affect the long-term size of the foreign currency reserve. It also stated that the measure does not serve any monetary policy purpose, so it should be read as a balance-sheet and risk-management step rather than a signal about interest rate policy.

Notes for EA trading

Announcements from central banks can sometimes coincide with short bursts of volatility, even when the content is technical in nature. Spreads may widen around major releases and during thin liquidity, so it is worth checking your broker's conditions. Some EA operators consider pausing or reducing activity around scheduled events and reviewing their risk settings beforehand.