monetary policy

Swedish central bank says will stick to pro-growth monetary policy

KONFRONTASI -  The central bank of Sweden, Riksbank, has announced that it will keep its key rates in the negative zone and is ready to further lower them while the country’s economic growth outlook remains shaky.

Through an announcement on Tuesday, the Riksbank kept its key rate unchanged at -0.35 percent, citing Sweden’s economic performance, which has been somewhat stronger than expected despite some global uncertainty, as the reason behind its decision, AFP reported.