Article: Sweden to cut repo rate by 0.5 percentage point

Sweden to cut repo rate by 0.5 percentage point

STOCKHOLM, Oct. 8 (Xinhua) -- Swedish central bank Riksbank announced Wednesday to cut the benchmark interest rate by 0.5 percentage point to 4.25 percent.

The global financial crisis threatens to reinforce the current slowdown in economic growth with diminished inflationary pressures as a result, the Riksbank said in a statement.

The Bank of Canada, the Bank of England, the European Central Bank, the U.S. Federal Reserve, and the Swiss National Bank all announced they would be lowering interest rates Wednesday in a coordinated action to stem the ongoing ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!