Sweden hikes interest rate from negative to zero after five years
Many question the timing of the increase — only the central bank’s second since mid-2011 — as the economy is slowing
19 December 2019 - 16:03
Stockholm — Sweden’s central bank ended five years of negative interest rates on Thursday when it raised benchmark borrowing costs by a quarter point to zero, defying an economic slowdown and global uncertainty.
The increase from -0.25% makes the Riksbank the first of the central banks that pushed rates below zero to edge its way back to what was long considered the floor for interest rates...
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