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Swedish Riksbank leaves repo rate unchanged at 4 pct


Published : Wed, 19 Dec 2007 09:36
By : Agencies
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STOCKHOLM (Thomson Financial) - The Swedish Riksbank said it has left its key repo rate unchanged at 4.00 pct, and that its view of the future repo rate path remains largely the same as in October.

During the first half of 2008, the repo rate is expected to be raised to around 4.25 pct, the Riksbank said, but added there is 'considerable uncertainty due to the turmoil in the international financial markets'.

The development in the repo rate is expected to contribute to an inflation rate in line with the 2 pct target from 2009 onwards at the same time as production and employment develop in a balanced manner, the Riksbank added.

gustav.sandstrom@thomson.com

gs/rfw

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