Riksbank signals low rates will stay longer
Possibility of further asset purchases being unveiled before next meeting
Monetary policy will remain in ultra-loose mode for longer, Sveriges Riksbank said today (October 27), raising the possibility of extending its bond-buying programme before the next meeting.
Inflation in Sweden is now only expected to hit the 2% target in 2018, with the forecast pushed back significantly since the executive board last met, in September. Falling interest costs and slow increases in service prices contributed to the revision, the central bank said.
Although inflation is still
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