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The Riksbank cuts its benchmark rate 25 basis points to 1% as it lowers its forecast for 2013...

The Riksbank cuts its benchmark rate 25 basis points to 1% as it lowers its forecast for 2013 Swedish GDP growth to 1.2% from 1.8% estimated just 2 months ago. The CPI forecast is cut to 0.3% from 0.7%, and the bank wants it moving back in the direction of its 2% target. EWD +15.6% YTD.
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