Sweden's Riksbank leaves repo rate unchanged

SWEDEN - Sweden's central bank, Sveriges Riksbank, left its key repo rate unchanged at 3.75% Tuesday 16 October, as expected, in conjunction with the release of its latest inflation report.

The Riksbank said inflation will be slightly higher in the short term than was previously expected. The bank's assessment is that CPI and underlying UND1X inflation will be 1.5% and 1.7% respectively in September 2002. These measures of inflation are seen at 2.1% and 2.0% respectively in September 2003.


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