Sweden cuts key interest rate to -0.5%
Sweden's central bank
Stockholm - Arab Today
Sweden's central bank on Thursday cut its key interest rate by 15 basis points to a new all-time low of -0.5 percent, citing the risk of slowing inflation and falling confidence in its monetary policy.
The bank moved its key rate into negative territory in February 2015 in a bid to encourage spending amid three years of stagnant prices despite strong growth.
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