Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Swedish CB slashes key interest rate to 1%  Join our daily free Newsletter

MENAFN - 18/12/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN) Sweden's Riksbank stated that it has lowered its main interest rate by a quarter of a percentage point to 1 percent, reported AP.

The central bank attributed the move to mild inflationary pressures and the effects of the euro zone financial crisis on the country's economy.

It added that as a result of economic slowdown, growing jobless rate and restrained inflation, the rate would stay at this level for 2013.

The bank noted that the fragile European economy has had a clear effect on the country's economy.

It is worth noting that the central bank forecasts inflation to begin rising by the end of next year as the global economy would start rebounding, which is attributed in part to recent measures carried out by the euro zone to get a grip on their 3-year debt crisis.

 






  MENA News Headlines


 
Click to Apply






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help