Sweden cuts key interest rate to record low -0.35%

Sweden's central bank on Thursday cut its repo rate by 10 basis points to a record low -0.35 percent, to avoid a strengthening of the krona amid the Greek crisis. "Inflation is rising and economic activity in Sweden is continuing to strengthen. "In this uncertain environment, monetary policy needs to be even more expansionary to ensure that inflation continues to rise towards the target of 2.0 percent," it said.