Wednesday, 29 October 2014

Swedish central bank cuts main interest rate to zero

The cut of 0.25% was bigger than analysts had expected, and led to a fall in the kronor against the dollar and the euro.

Prices are currently falling in Sweden and the central bank wants to get back to its 2% inflation target.

"The Swedish economy is relatively strong... But inflation is too low," the bank said.

Source: BBC News

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