The Executive Board of the Riksbank cut the repo rate by 0.5 %age points to 0.25% from 0.75%, effective
The repo-rate path is revised downward substantially. Increases in the repo rate are not expected to begin until the end of 2015 and it is expected to be just over 2% at the end of 2017.
Policymakers assessed that the repo rate and the repo-rate path need to be even lower for inflation to rise towards the target. The low repo rate will contribute to higher demand in the economy as a whole, which will lead to inflation rising.
The Krona depreciated to 6.8759 against the dollar, its lowest since
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