Swedish CB holds key rate and waits for higher inflation

Source: Bloomberg
© Scanpix/FP
The Central Bank of Sweden decided to implement no changes to the monetary policy in the country, keeping the main interest rate at 0.75%, as it was expected by analysts. The Riksbank wants the economy to recover on a higher pace, as dependence on exports and falling demand in Europe decreased economic growth. Moreover, the CB forecasts the inflation to rise closer to a 2% target.
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