Sweden's Riksbank unexpectedly cuts rates 25 basis points to 1.25%, citing weakness in the...
Sweden's Riksbank unexpectedly cuts rates 25 basis points to 1.25%, citing weakness in the eurozone as lowering its expectations for exports and economic growth. The bank also notes a quick appreciation in the krona and nobody seems to want a strong currency these days. The rate decision wasn't unanimous - one member wanted a 50 bp cut.
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