Sweden’s krona hits record low as Central Bank plays down currency intervention
Yesterday, Sweden’s krona hit a new record low as the country’s Central Bank Sveriges Riksbank raised rates and played down the possibility of market interventions. After the Riksbank announced it would raise interest rates by 25 basis points, the currency dropped to 0.0844 krona to the euro. It also sank against the US dollar. The policy rate now sits at 3.75% and the figure is in line
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