Swedish central bank cuts rates

- Central Banking staff
- 15 Nov 2002

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SWEDEN - The Riksbank, the Swedish central bank, cut its key repo rate by 25 basis points to 4 per cent on Friday, warning there were clear signs of a weakening in industrial activity and exports.

The cut was expected and will bring Swedish rates more into line with the ECB's key rate of 3.25 per cent. The Riksbank last changed its repo rate in April when it was raised by 25 basis points, Reuters reported.

The bank motivated its decision by pointing to the lack of improvement in international

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