The SEK 10bn (USD 1.2bn) program has courted criticism ever since it was announced in July to help a market that’s largely recovered from a crisis in the spring. Even the legality of the plan has been questioned by a top expert advising the parliament committee overseeing the bank.
One of the areas of concern harks back to the design of the QE plan. The central bank can only buy bonds with investment-grade ratings from at least one of five rating firms -- a technicality that some say may distort trading levels.
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