Sweden's central bank leaves key interest rate unchanged

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Sweden's central bank leaves key interest rate unchanged

STORY: Sweden's central bank leaves key interest rate unchanged SHOOTING TIME: Feb. 1, 2024 DATELINE: Feb. 2, 2024 LENGTH: 00:01:16 LOCATION: Stockholm CATEGORY: ECONOMY SHOTLIST: 1. various of Riksbanken, Sweden's central bank 2, various of SEB bank 3, various of Handelsbanken 4, various of street views of Stockholm STORYLINE: Sweden's central bank, the Riksbank, decided on Thursday to keep its benchmark interest rate (policy rate) unchanged at 4 percent, but said it is likely to be lowered sooner than previously expected. The decision was based on statistics showing a continuous slowdown of inflation in November and December, but the monetary policy has to remain contractionary to stabilize inflation around the targeted 2 percent, the Riksbank said in a press release. The Swedish economy has slowed down and wages have increased moderately, indicating that inflation is likely to fall further, the Riksbank said. The policy rate may, therefore, be lowered sooner than indicated in November, possibly durin

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