Sweden's Riksbank unexpectedly cuts rates 25 basis points to 1.25%, citing weakness in the...

|By:, SA News Editor

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.