Much better interest rate than the Feds...buy euro.
Sweden: Repo rate unchanged at 1.0 per cent
Growth in the Swedish economy is still weak and inflationary pressures are low. But there are some positive signs pointing towards stabilisation and strengthening in economic activity over the year. Developments are in line with the assessment made by the Riksbank in December. The repo rate needs to remain low to support the economy and to ensure inflation rises to the target of 2 per cent. The Executive Board of the Riksbank has therefore decided to hold the repo rate unchanged at 1.0 per cent. The repo rate is expected to remain at this low level over the coming year. Low growth but some positive signs The Swedish economy is still ... (full story)
- Posted: Feb 13, 2013 3:31am
- Submitted by:Category: Low Impact Breaking NewsComments: 6 / Views: 957