Riksbank's policymakers cut on worsening outlook
The Executive Board of the Riksbank unanimously backed a repo rate cut of 100 basis points to 1%, the minutes of the 10 February meeting reveal.
The minutes show that policymakers noted that the downturn in the economy was looking as if it would be even worse than was thought at the previous rate-setting meeting in December.
The board noted that a lower policy rate was needed to counteract production and employment being too weak and inflation becoming too low.
Click here to read the minutes
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