Swedish krona falls after Riksbank cuts repo rate to -0.50%
Posted on February 11, 2016 at 12:25 pm GMTSweden’s central bank, the Riksbank, took markets by surprise by delivering a bigger-than-expected cut in its repo rate. The central bank cut rates by 15bps to -0.50% from -0.35%. Analysts were expecting only a 10bps cut to -0.45%. Citing low inflation as the main reason for today’s decision to loosen monetary policy, the bank said CPI is expected to be lower in 2016 than previously forecast. In its latest projections, the central bank cut the forecast for CPI to 0.7% [..]