Sweden cuts key interest rate to -0.35%

GMT 08:11 2015 Thursday ,02 July

Arab Today, arab today Sweden cuts key interest rate to -0.35%

Sweden's central bank
Stockholm - Arab Today

Sweden's central bank announced Thursday a 10-basis-point cut to its key interest rate, the repo rate, to -0.35 percent, and increased its bond purchases, citing uncertainty over the Greek crisis.

"Inflation is rising and economic activity in Sweden is continuing to strengthen. But uncertainty abroad has increased and it is difficult to assess the consequences of the situation in Greece," the bank said in a statement.

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