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Swedish National Bank retained interest rate to 2 percent

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Swedish National Bank retained interest rate to 2 percent

The Swedish National Bank has maintained the reference interest rate in two percent, confirming the expectations of the market, with the assessment that inflation, although above the goal, has a temporary character, while economic activity remains weak.

At the same time, Riksbank repeated the assessment that there is a space for additional reduction in interest later during the year, Bloomberg transmits.

The Bank’s Executive Board stated that “despite certain deviations of inflation and economic trends in relation to the junior forecast, the overall rating remains unchanged.” This is the ability to cause the new correction to the case as a result, which is expected part of analysts as a final incision in this cycle.

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