Swedish central bank reduces policy rate to 2.25 pct
HELSINKI, Jan. 29 (Xinhua) -- The Swedish central bank reduced its policy rate by 0.25 percentage points to 2.25 percent on Wednesday.
The rate will take effect on Feb. 5, the bank announced. It is the seventh policy rate cut since reductions began last May, when the rate stood at 4 percent.
The lower interest rate will gradually provide a positive contribution to demand in the Swedish economy, said the b