Swedish central bank cuts key rate further below zero
Stockholm - Arab Today
Sweden's central bank took its key interest rate further into negative territory Wednesday in a surprise move aimed at supporting a return to inflation.
The Riksbank cut its repo rate by 0.15 percentage points to -0.25 percent and said it was buying government bonds worth 30 billion kronor ($3.4 billion, 3.2 billion euros) as the "recent appreciation of the (Swedish) krona" threatened the trend towards a return to the country's 2.0 percent inflation target.
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