Riksbank postpones rate hike on weaker global outlook


The Riksbank on Tuesday decided to postpone further interest rate hikes after it voted to leave its benchmark repo rate on hold at 2%.

The Swedish krona gained 0.84% against the euro following the announcement and traded at Skr8.9693 at 5:00pm London time.

The Swedish central bank said increased concern over public finances abroad and deterioration in global growth prospects was expected to lead to a more pronounced slowdown in the Swedish economy than was forecast in July.

While all six members

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