Swedish c.bank keeps key rate unchanged at zero with no hikes on horizon
- Country:
- Sweden
Sweden's central bank kept policy unchanged on Tuesday and said it expected the interest rate to remain at zero for the entire forecast period, despite a recent up-tick in inflation.
"Monetary policy needs to remain expansionary for inflation to be lastingly close to the target going forward," the central bank said in a statement.
Analysts in a Reuters poll had forecast no change in policy.
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