Sweden's central bank cut its main interest rate to zero Tuesday, in a bid to boost inflation which has once again fallen below expectations. The Riksbank lowered its main repurchase agreement rate to zero from a previous level of 0.25%, which was a slightly bigger reduction than expected. Analysts asked by the Wall Street Journal had forecast a cut to 0.05%. The Riksbank last cut borrowing costs in July in an effort to lift an inflation rate that has been stuck around zero for most of this year, well below the 2% target set for the central bank by lawmakers. Source: Bloomberg
