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As on Apr 25, 2019 12:00 AM Your results on : Currency News    
Economic Buzz: Swedish Central Bank Holds Rates Steady, Highlights Low Inflation
25-Apr-2019 (15:33)

Riksbank, the Sweden's central bank has kept its key interest rate unchanged today and noted that they will remain at the current level for a longer period than forecast earlier. The Executive Board has decided to hold the repo rate unchanged at -0.25% and assesses that the rate will remain at this level for a somewhat longer period of time than was forecast in February, the Riksbank said in a statement.

The bank said the repo rate is likely to be raised again towards the end of the year or at the beginning of next year. Unexpectedly low inflation both in Sweden and abroad, low interest rates abroad and uncertainty over global developments emphasize that there is a need to proceed with caution in monetary policy, the Riksbank said.

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