Swedish c.bank keeps key rate unchanged at zero with no hikes on horizon

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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