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Sweden Cuts Interest Rates to Zero

Sweden Cuts Interest Rates to ZeroSweden Cuts Interest Rates to Zero

The Swedish central bank has cut its main interest rate to zero in an attempt to combat deflation, BBC reported. The cut of 0.25% was bigger than analysts had expected, and led to a fall in the kronor against the dollar and the euro. Prices are falling and the Swedish central bank wants to get back to its 2% inflation target.

 

Financialtribune.com