Swedish Riksbank Rate Cut Pressure Eases on Labor Market
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Sweden escaped deflation and the labor market showed signs of weathering the European debt crisis in January, easing pressure on the central bank to cut interest rates.
Consumer prices were unchanged in the year after falling 0.1 percent the previous two months, while seasonally adjusted unemployment remained unchanged at 8 percent, Statistics Sweden said today. The annual inflation rate matched the median estimate of 11 economists in a Bloomberg survey.