The Limited Times

Swedish economy decelerates rapidly

10/4/2019, 8:41:17 AM


[Stockholm, 4th Reuters]-The Vice-President Jansson of the Swedish central bank said on the 4th that the country's economy was decelerating rapidly. “The Swedish economic situation has deteriorated fairly quickly,

[Stockholm, 4th Reuters]-The Vice-President Jansson of the Swedish central bank said on the 4th that the country's economy was decelerating rapidly.

The vice-president said in a panel discussion, “The Swedish economic situation is getting worse quite rapidly.”

The Swedish central bank held its main policy interest rate at minus 0.25% at the September meeting, but maintained its policy of raising interest rates from the end of this year to the beginning of next year. [nL3N25W200]