Tuesday, December 20, 2011

Sweden - eurozone's problems have caused country to cut its main interest rate by a 0.25% to 1.25%

Published on Dec 20, 2011 by
http://www.euronews.net/ The eurozone's problems have caused Sweden to cut its main interest rate by a quarter of a percent to one and a quarter percent.

The central bank said it expects to keep it at that level next year.

It blamed "considerable uncertainty regarding the eurozone's public-finance problems".

More than half of Sweden's exports go to the eurozone and it has already see a fall in orders from the region.

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