SWEDEN CUTS INTEREST RATES TO ZERO (STA BREAKING NEWS and ARCHIVES)

by STANews , Tuesday, October 28, 2014, 13:23

The Swedish central bank has cut its main interest rate to zero in an attempt to combat deflation.

The cut of 0.25% was bigger than analysts had expected, and led to a fall in the kronor against the dollar and the euro.

Prices are currently falling in Sweden and the central bank wants to get back to its 2% inflation target.

SHORT, MORE...

http://www.bbc.com/news/business-29802090