ForeXistenZ › Central banks › RIKSBANK
Sveriges Riksbank (RIKSBANK)
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The oldest central bank in the world, founded in 1668.
How the RIKSBANK moves the SEK
A central bank sets the interest rate on its currency. Traders compare that rate with the rates of other central banks; the wider the gap, the stronger the pull of money towards the higher-yielding currency. That is why the minutes before a RIKSBANK decision are among the most volatile of the month for the SEK. Book I and Book II of the ForeXistenZ trilogy show how to prepare for these days — and when to stay out.
Frequently asked
What does the Sveriges Riksbank do?
The oldest central bank in the world, founded in 1668.
Where is the Sveriges Riksbank?
The Sveriges Riksbank (RIKSBANK) is in Stockholm, Sweden.
Why do forex traders watch the RIKSBANK?
Interest rates are the price of a currency. When the RIKSBANK raises or cuts rates — or only hints at it — money moves into or out of the SEK, and SEK reacts within seconds.
Where are the RIKSBANK’s decisions published?
Official decisions, statements and the meeting calendar are published on https://www.riksbank.se/en-gb.
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Other central banks
NORGESNorges Bank
Oslo, Norway — Runs the krone — and manages Norway’s oil fund, the largest sovereign wealth fund on Earth.
NBPNarodowy Bank Polski
Warsaw, Poland — One of the most determined gold buyers among the world’s central banks.
ECBEuropean Central Bank
Frankfurt, Euro area — Runs monetary policy for the twenty countries of the euro, the world’s second reserve currency.
SNBSwiss National Bank
Zurich / Bern, Switzerland — Guardian of the Swiss franc, the safe haven the market runs to when fear rises.
BOEBank of England
London, United Kingdom — The Old Lady of Threadneedle Street — sets UK rates and guards one of the largest gold vaults on Earth.
CBRTCentral Bank of the Republic of Türkiye
Ankara, Türkiye — Fights for the lira — a lesson in what inflation does to a currency.