Swedish central bank cuts key interest rate to 0.75%
Arab Today
The Swedish central bank, the Riksbank, cut its key interest rate by 0.25 percentage point to 0.75 percent on Tuesday in an effort to raise inflation towards 2.0 percent. "Economic activity is developing largely as the Riksbank had forecast earlier. However, inflation has been unexpectedly low and, despite the recovery, inflationary pressures over the coming year are expected to be much lower than in the most recent forecast in October," the bank said in a statement.
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