Elusive Inflation Again Extends Era of Negative Rates in Sweden
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Sweden’s central bank just can’t get enough inflation.
Having held their key interest rate at minus 0.5 percent, policy makers in Stockholm again pushed back a plan to raise interest rates for the first time in seven years, announcing on Thursday they don’t see a tightening until “towards the end of the year.” (That compares with an earlier assessment of “the second half of this year.”)