Riksbank board unanimous on cut
The executive board of the Riksbank unanimously backed a lowering of the repo rate by 50 basis points to 3.75%, the minutes of the 22 October meeting reveal.
The minutes show that policymakers were concerned with the impact of the global financial crisis on the domestic economy, saying that, since September, the turbulence in the financial markets had developed into a financial crisis and was now clearly affecting Sweden.
The board further agreed on a new rate path that indicates a 3.25% repo
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