Sweden’s Riksbank Surprises With Repo Rate Cut

Sweden’s central bank Riksbank unexpectedly cut its main interest rate from minus 0.1% to minus 0.25% on Wednesday and will buy government bonds for SEK 30 billion to try and boost inflation.

The repurchase rate had stood at minus 0.1% since February.

Riksbank trims repo rate

Riksbank trimmed interest rates and expanded its government-bond purchase plan outside of its schedule for policy decisions. On Wednesday, the central bank took further steps to combat low consumer price growth, after the economy eased out of deflationary mode in February for the first time in seven months.

In an effort...