Sveriges Riksbank is open to reducing interest rates in the post-Covid-19 recovery, but it does not deem it necessary to lower rates now, while restrictions on people’s movement are still in place.
The decision to hold steady “does not rule out the possibility of the interest rate being cut at a later date if this is deemed an effective measure to stimulate demand and support the development of inflation in the recovery phase”, says the Riksbank in its official statement today (April 28).
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