Sweden keep interest rates unchanged


Wednesday, 07 September 2011
Swedish central bank, the Riksbank has decided not to move the policy rate. It remains at 2 percent. The decision not to raise interest rates was expected.


Even as recently as July the central bank insisted on keeping its interest rate path that would mean that the interest rate at the end of the year would be at 2.5 percent. Now there are still signs that economic growth is slowing in the world and in Sweden and therefore the bank was forced to reason and keep the interest rate hikes for the future.
By Team

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