The World's Oldest Central Bank May Be the Most Innovative

The Riksbank charges banks to keep reserves there. This is taking zero interest rates one step further. The intent was to send " a powerful signal to the market that the Riksbank intended to keep rates close to zero until economic recovery was well under way." The result from the Financial Times: Sweden registered its fastest quarterly economic growth on record in the last three months of last year, burnishing its status as Europe’s best-performing economy. The forecast-beating 7.3 per cent year-on-year expansion looked sure to increase pressure on the country’s central bank to raise interest rates further amid concern over possible overheating.

For reference, the last estimate of annual growth for the US was 2.8%.