Sweden slashes rates to 2%

Sweden’s central bank cut interest rates by an unprecedented 175 basis points to 2 per cent on the 4 December 2008, underlining the dramatic impact of the global economic downturn on the country’s export-based economy.

Riksbank: Press Release, 4.12.08: Repo rate cut to 2 per cent http://www.riksbank.com/templates/Page.aspx?id=29849

BBC News, 4.12.08: Sweden cuts interest rates to 2% http://news.bbc.co.uk/1/hi/business/7764317.stm

ESO: Background information: OECD urges Sweden to make deep rate cut http://www.europeansources.info/record/oecd-urges-sweden-to-make-deep-rate-cut/

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