FI has decided to lower the buffer rate to 0 per cent. This change is preventive in nature and aims to counteract credit crunches due to the recent developments of the coronavirus, the spread of COVID-19 and the resulting effects on the economy. A lower buffer reduces the probability that Swedish banks will find themselves in a situation where binding capital requirements limit their ability and willingness to lend to firms and households.
The amendments go into effect immediately on 16 March 2020. Amendment 2020:2