Sweden cuts key interest rate to -0.5%

GMT 09:06 2016 Thursday ,11 February

Arab Today, arab today 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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