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Sweden's Riksbank cuts its benchmark rate 25 basis points to 1.5%, citing slow growth and little...

  • Thursday, February 16, 2012, 10:56 AM ET
    Sweden's Riksbank cuts its benchmark rate 25 basis points to 1.5%, citing slow growth and little inflation pressure. "It has been clear for some time that there would be a slowdown, but the slowdown has been more severe than expected," says the bank. Sweden ETF: EWD +12.7% YTD.
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    Everyone's slow down is more severe than they expected. What then gives us any hope that world finance ministers can accurately "expect" anything. Latest Fed figures are an example....dramatically different than CBO figures in US.
    16 Feb 2012, 11:16 AM Reply Like
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