FOREX TradingCharts.com

Financial News: Sweden Maintains Negative Rate

Sweden Maintains Negative Rate

09/06/2018 - 04:02:00 (RTTNews)

(RTTNews) - Sweden's central bank decided to maintain its negative interest rate and hinted a rate hike either in December or February.

The Executive Board of Riksbank left the repo rate unchanged at -0.50 percent, as widely expected, on Thursday.

"If the economy develops as expected, there will soon be scope to slowly reduce the support from monetary policy," the bank said in a statement.

The forecast for the repo rate indicates that it will also be held unchanged at the monetary policy meeting in October and then raised by 0.25 percentage points either in December or February.

Deputy Governor Martin Flodén entered a reservation against the repo rate path as he advocated a hike of quarter point at the October meeting.

Deputy Governor Henry Ohlsson voted against both the decision to maintain the repo rate at its current level and against the repo-rate path. He advocated raising the repo rate to ?0.25 percent.

The economy is forecast to grow 2 percent this year instead of 1.9 percent estimated previously. The outlook for 2020 was retained at 2.1 percent.

Rapidly rising energy prices helped to push up inflation. If energy prices are disregarded, inflationary pressures are still moderate, Riksbank noted.

The inflation rate is seen unchanged at 2.1 percent next year before easing to 1.9 percent in 2020.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Iceland Wage Growth Slows In August (47 min(s), 11 sec(s) ago)
(RTTNews) - Iceland's wage growth eased in August after accelerating in the previous month, fi ...Full Story»

Iceland Wage Growth Slows In August (47 min(s), 11 sec(s) ago)
(RTTNews) - Iceland's wage growth eased in August after accelerating in the previous month, fi ...Full Story»

Amended: Lithuania Industrial Production Climbs In August (45 min(s), 11 sec(s) ago)
(RTTNews) - Corrects Month Lithuania's industrial production expanded in August, driven b ...Full Story»

UK Budget Deficit Widens As Govt Spending Rises (41 min(s), 11 sec(s) ago)
(RTTNews) - The UK budget deficit increased in August on higher expenditure amid subdued income gr ...Full Story»

Eurozone Private Sector Growth Weakens On Manufacturing (58 min(s), 11 sec(s) ago)
(RTTNews) - Eurozone private sector grew at the second-weakest pace since late-2016 as manufacturi ...Full Story»

Lithuania Industrial Production Climbs In July (44 min(s), 11 sec(s) ago)
(RTTNews) - Lithuania's industrial production expanded in July, driven by manufacturing sector ...Full Story»

Slovenia Output Price Inflation Accelerates Slightly (17 min(s), 11 sec(s) ago)
(RTTNews) - Slovenia's output price inflation accelerated marginally in August, after remainin ...Full Story»

Ireland Output Prices Continue To Fall In August (49 sec(s) ago)
(RTTNews) - Ireland's factory gate prices decreased for the sixth successive month in August, ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Iceland Wage Growth Slows In August

09/21/2018 - 08:46 AM (RTTNews)
(RTTNews) - Iceland's wage growth eased in August after accelerating in the previous month, fi ...Full Story>>

Iceland Wage Growth Slows In August

09/21/2018 - 08:46 AM (RTTNews)
(RTTNews) - Iceland's wage growth eased in August after accelerating in the previous month, fi ...Full Story>>

Amended: Lithuania Industrial Production Climbs In August

09/21/2018 - 08:44 AM (RTTNews)
(RTTNews) - Corrects Month Lithuania's industrial production expanded in August, driven b ...Full Story>>

UK Budget Deficit Widens As Govt Spending Rises

09/21/2018 - 08:40 AM (RTTNews)
(RTTNews) - The UK budget deficit increased in August on higher expenditure amid subdued income gr ...Full Story>>

Eurozone Private Sector Growth Weakens On Manufacturing

09/21/2018 - 07:57 AM (RTTNews)
(RTTNews) - Eurozone private sector grew at the second-weakest pace since late-2016 as manufacturi ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.