Swedish Krona At 8-month Low Vs Euro As Riksbank Delays Rate Hike Plans
25 Aprile 2019 - 7:47AM
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The Swedish Krona depreciated against the euro in the European
session on Thursday, after Sweden's central bank left its key
interest rate unchanged and said they will remain at the current
level for a longer period than forecast in February.
"The Executive Board has decided to hold the repo rate unchanged
at -0.25 per cent and assesses that the rate will remain at this
level for a somewhat longer period of time than was forecast in
February," the Riksbank said in a statement.
The decision was in line with economists' expectations.
The Swedish Krona declined to 10.66 against the euro, its
weakest since August 27, 2018. The pair finished Wednesday's
trading at 10.52. Next support for the Krona is seen around the
11.00 region.
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