FOREX TradingCharts.com

Financial News: Sweden Central Bank Retains Key Rate, QE

Sweden Central Bank Retains Key Rate, QE

04/27/2021 - 04:16:00 (RTTNews)

(RTTNews) - Sweden's central bank retained its key interest rate and the asset purchase programme on Tuesday, to support economic recovery and subdued inflation.

The Executive Board of Riksbank decided to hold the repo rate at zero percent. The rate is set to remain at the current level in the coming years.

The board also kept the envelope of the asset purchase programme unchanged at SEK 700 billion.

The bank vowed to design monetary policy so that it supports the recovery and inflation as long as necessary.

The economic outlook is slightly brighter now than it was in February, but the pandemic is not over, and inflationary pressures remain low, the bank said.

The growth outlook for 2021 was downgraded to 3.7 percent from 3 percent and the 2022 forecast to 3.6 percent from 3.9 percent. The growth for 2023 was seen at 2 percent instead of 2.4 percent.

According to Riksbank, total economic activity will approach more normal levels towards the end of the year.

The bank said it will take time before inflation is more permanently close to the target of 2 percent.

Inflation is forecast to rise to 1.4 percent this year and then to 1.5 percent in 2022 and 1.7 percent in 2023. The projections for 2021 and 2022 were lifted from 1.3 percent, while that for 2023 was downgraded from 1.8 percent.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Singapore Non-Oil Domestic Exports Tumble 8.8% On Month In April (12 min(s), 57 sec(s) ago)
(RTTNews) - The total value of non-oil domestic exports in Singapore was down 8.8 percent on month ...Full Story»

Japan Producer Prices Rise 0.7% On Month In April (58 min(s), 57 sec(s) ago)
(RTTNews) - Producer prices in Japan were up 0.7 percent on month in April, the Bank of Japan said ...Full Story»

New Zealand Service Sector Accelerates In April - BusinessNZ (02 hr(s), 11 min(s), 57 sec(s) ago)
(RTTNews) - The services sector in New Zealand continued to expand in April, and at a faster pace, ...Full Story»

China Data On Tap For Monday (02 hr(s), 52 min(s), 57 sec(s) ago)
(RTTNews) - China is scheduled to release a raft of data on Monday, headlining a busy day for Asia ...Full Story»

ECB Minutes Signal June Review Of Economic Outlook, Stimulus (08 hr(s), 55 min(s), 57 sec(s) ago)
(RTTNews) - Policymakers are looking forward to review the Eurozone economic and inflation outlook ...Full Story»

U.S. Consumer Sentiment Unexpectedly Deteriorates In May (09 hr(s), 35 min(s), 57 sec(s) ago)
(RTTNews) - Consumer sentiment in the U.S. has unexpectedly decreased in the month of May, accordi ...Full Story»

U.S. Business Inventories Increase In Line With Estimates In March (09 hr(s), 43 min(s), 57 sec(s) ago)
(RTTNews) - The Commerce Department released a report on Friday showing business inventories in th ...Full Story»

U.S. Industrial Production Climbs Less Than Expected In April (10 hr(s), 05 min(s), 57 sec(s) ago)
(RTTNews) - Industrial production in the U.S. increased by less than expected in the month of Apri ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Singapore Non-Oil Domestic Exports Tumble 8.8% On Month In April

05/16/2021 - 20:41 PM (RTTNews)
(RTTNews) - The total value of non-oil domestic exports in Singapore was down 8.8 percent on month ...Full Story>>

Japan Producer Prices Rise 0.7% On Month In April

05/16/2021 - 19:55 PM (RTTNews)
(RTTNews) - Producer prices in Japan were up 0.7 percent on month in April, the Bank of Japan said ...Full Story>>

New Zealand Service Sector Accelerates In April - BusinessNZ

05/16/2021 - 18:42 PM (RTTNews)
(RTTNews) - The services sector in New Zealand continued to expand in April, and at a faster pace, ...Full Story>>

China Data On Tap For Monday

05/16/2021 - 18:01 PM (RTTNews)
(RTTNews) - China is scheduled to release a raft of data on Monday, headlining a busy day for Asia ...Full Story>>

ECB Minutes Signal June Review Of Economic Outlook, Stimulus

05/14/2021 - 11:58 AM (RTTNews)
(RTTNews) - Policymakers are looking forward to review the Eurozone economic and inflation outlook ...Full Story>>

Do not sell my personal information

Copyright © 2021. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.