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

|By:, SA News Editor

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.