Sweden Slides Further Into NIRP, Cuts Rates To -0.50%

Thursday, February 11, 2016
By Paul Martin

by Tyler Durden

The currency wars continue unabated as does the developed world’s experiment with negative rates as the Riksbank moves further into NIRP, cutting the repo rate by 15 bps to -0.50%. “Uncertainty regarding global developments is still high, with low inflation and several central banks pursuing more expansionary monetary policy [and] Swedish monetary policy must relate to this,” the bank said.

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