Mexican Media Brands
Sweden Cuts Interest Rate to -0.25%
Sweden's central bank, which reduced its key interest rate to --0.1% in February, has lowered the rate by another 0.15 points to -0.25%.
#economics
Share
Sweden's central bank, which reduced its key interest rate to --0.1% in February, has lowered the rate by another 0.15 points to -0.25%.
The Riksbank also is expanding its bond-buying program by 30 billion kronor (€3.2 billion). The bank says both moves are intended to help push Sweden's inflation rate closer to the 2% it considers healthy for an expanding economy.
Sweden's inflation rate has stopped shrinking and is beginning to rise. The bank says its new initiatives will help offset the damping effect on that increase of the appreciating krona. A stronger currency reduces inflation by making imports cheaper.
The central banks for two other European economies, Denmark and Switzerland, also are offering negative rates to help accelerate growth.
RELATED CONTENT
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data
-
on the Genesis GV60 interior, EV sales in H1, Bentley Bentayga's wood work, Faurecia's advanced manufacturing & more
The strange glowing orb in the Genesis GV60. . .global EV sales in the first half. . .creating wood for the Bentayga interior. . .the importance of material handling at Faurecia. . .lux ATPs. . .fast Porsche. . .fast Lambo. . .the Avalon Hybrid. . .Silverado steel. . .
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.