Arab Today, arab today sweden sets record low zero interest rate to boost inflation
Last Updated : GMT 17:52:05
Arab Today, arab today
Arab Today, arab today

Sweden sets record low zero interest rate to boost inflation

Arab Today, arab today

Arab Today, arab today Sweden sets record low zero interest rate to boost inflation

woman shops 08 December 2007 at "Ekovaruhuset" a boutique
Stockholm - AFP

The Swedish central bank set a zero base interest rate on Tuesday, deciding to cut its key rate by a quarter of a percentage point in a drive to push up exceptionally low inflation.
This is a record low and the central bank said it would stay at this rate until inflation picks up.
Inflation was too low, the bank said in a statement, although the Swedish economy was doing relatively well and the overall climate was improving.
It expects inflation this year to turn out to be a negative 0.2 percent, pointing to slight deflation, but that next year it will rise to plus 0.4 percent.
The rate cut was steeper than analysts had expected. They had forecast a cut of 0.20 points.
The bank said that this new low rate should increase demand in the economy and that this in turn would help to push up prices and inflation.
In September, consumer prices fell by 0.4 percent, far below the central bank's target for inflation of 2.0 percent which has not been achieved since the beginning of 2012.
The latest inflation figure also showed a bigger drop than analysts had expected.
In seven of the first nine months of the year, inflation has been negative, meaning that prices fell.
This is against a broader background of deep concern in many European economies, notably in the eurozone, that there is a risk of deflation, a vicious cycle of falling prices, demand, and growth and rising unemployment, which central banks find extremely difficult to reverse.
Sweden is a member of the European Union but not of the eurozone and so retains control, via its central bank, of monetary policy and interest rates.
The central bank forecast that the unemployment rate would be 7.9 percent for this year, slightly down from 8.0 percent last year, and that next year the economy will grow by 2.7 percent and the unemployment rate will fall to 7.4 percent.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sweden sets record low zero interest rate to boost inflation Arab Today, arab today sweden sets record low zero interest rate to boost inflation

 



Arab Today, arab today
Arab Today, arab today Prepares to present her new collection

GMT 14:29 2017 Monday ,20 February

Prepares to present her new collection
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today 57 monkeys carrying 'invasive' genes

GMT 16:00 2017 Tuesday ,21 February

57 monkeys carrying 'invasive' genes
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 19:10 2017 Friday ,17 February

Hats, scarves add beauty to women

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 13:16 2017 Tuesday ,14 February

First fashion model with Down syndrome
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday