Sweden cuts rates to record low of 0.5%

Sweden’s central bank halved its key interest rate to a record low of 0.5% on the 21 April 2009 and forecast that the country’s open economy would in 2009 suffer its worst recession since 1940.

ESO: Background information: Sweden slashes rates to 1% http://www.europeansources.info/record/sweden-slashes-rates-to-1/

Riksbank: Press Release, 22.4.09: Repo rate cut to 0.5 per cent http://www.riksbank.com/templates/Page.aspx?id=31356

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