Swedish Krona Falls To 4-1/2-year Low Versus Euro After Riksbank Rate Decision
December 16 2014 - 4:00AM
RTTF2
The Swedish Krona declined against the euro in early European
deals on Tuesday, after the Swedish Central bank decided to hold
its repo rate unchanged at zero percent as widely expected by
economists.
Sweden's central bank also announced that it is preparing
further measures to make monetary policy expansionary.
The Executive Board of the Riksbank assessed that the repo rate
needs to remain at zero percent for a slightly longer period than
was forecast earlier.
The Krona fell to 9.5455 against the euro, a 4-1/2-year low,
from an early high of 9.4750. The next possible support for the
krona is seen around the 9.6 region. At yesterday's close, the pair
was worth 9.5066.
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