Sweden Holds Rate and Repeats Pause Plan as Upturn Builds

Sweden’s central bank held borrowing costs steady for a fourth month and stuck with its forecast for no change until next year as evidence builds that an economic recovery will be strong enough to keep inflation close to its target.

The Riksbank kept its key interest rate at a three-year low of 1.75%, according to a statement on Thursday, as forecast by all 17 economists surveyed by Bloomberg. The policymakers, lacking new economic projections, repeated a view that borrowing costs should remain unchanged beyond the end of this year.