Swedish cbank signals steady rates as growth slows

Euro-outsider Sweden's central bank signalled on Jan. 29, 2001, its key repo rate would remain on hold at 4.00 percent, 75 basis points below the euro zone's steering rate, at this week's monetary policy meeting. Riksbank Governor Urban Backstrom said in a speech a slowdown in economic growth in Sweden was reducing the need for a further tightening of monetary policy.

"The slowdown which so far seems to be going on in the Swedish economy is in a way to be welcomed," Backstrom said in a prepared

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