Sweden Slides Further Into NIRP, Cuts Rates To -0.50%
by Tyler Durden
ZeroHedge.com
02/11/2016
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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