Riksbank leaves rates at 0.25%
11 February 2010
Sweden's central bank left its key policy rate unchanged Thursday but said it may begin raising rates in summer or early autumn, a tad sooner than its previous forecast and a surprise to market watchers expecting an unchanged rate outlook.
"The assessment now is that the upturn in economy activity rests on more solid ground and that there are therefore sound reasons for increasing the repo rate somewhat sooner than was assessed in December," Riksbank said. It previously said the rate would stay at its record-low 0.25% until autumn.