Sweden fights deflation with 0pc interest rate

first_img Joseph Millis whatsapp Tuesday 28 October 2014 10:10 pm Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Crazy Rich Asians’ Director Wishes He Made South Asian Roles ‘More Human’The Wrap Tags: NULL Sweden fights deflation with 0pc interest rate Show Comments ▼center_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekFreight & Shipping Quotes | Search AdsResearch & Compare Freight & Shipping QuotesFreight & Shipping Quotes | Search AdsEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost Fun Share THE COUNTRY that brought you noir TV detective shows such as Wallander and – with Denmark – The Bridge, yesterday delivered some bleak news for savers.Riksbank, Sweden’s central bank, cut interest rates more than expected to zero to ward off a prolonged deflation risk, and said it would delay tightening policy until the middle of 2016.Like the neighbouring Eurozone, Sweden is grappling with persistently low inflation and wants to avoid slipping into a deflationary spiral that would hit the economy as falling prices would encourage consumers to delay purchases.Consumer prices in Sweden have dropped in seven of the past nine months and inflation has stayed below the Riksbank’s two per cent target for almost three years.“We think that will be enough,” Riksbank governor Stefan Ingves told a press conference in Stockholm. “But if the world turns out completely differently, then we have the tool box to do other things.”The central bank’s dovish message sent the Swedish krona to a four-year low against the dollar and the euro. last_img

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