STOCKHOLM May 4 The extension of the Swedish
central bank's bond buying programme is an insurance against a
worse-than-expected economic outcome, Deputy Govenor Per Jansson
said on Thursday.
Last week, the Riksbank surpised the market and said it
would extend its bond buying programme by 15 billion Swedish
crowns ($1.70 billion).
"The way I saw it was, should I buy insurance that costs
around 5 percent in order to avoid what could be a real
nightmare scenario," Jansson said, referring to the 15 billion
crown extention of the total programme of 290 billion crowns.
($1 = 8.8262 Swedish crowns)
(Reporting by Simon Johnson)