Sweden's Riksbank Cuts Repo Rate To Negative 0.25%

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Sweden's Riksbank on Wednesday cut its repo rate to negative 0.25%. The move follows a February reduction of the repo rate to negative 0.10%. "There are signs that inflation has bottomed out and is beginning to rise, but the recent appreciation of the krona risks breaking this trend," Riksbank said in a Wednesday statement. The krona fell against the dollar after the repo-rate cut, with the dollar buying 8.776 krona compared with around 8.686 krona on Tuesday. The dollar has risen nearly 2% against the krona since the February repo-rate cut.

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