Swedish crown rallies after central bank rate hike

Kitco Media
By Reuters
Published:
Updated:
Reuters
LONDON, Feb 9 (Reuters) - The Swedish crown firmed on Thursday after the country's central bank raised its key interest rate by 50 basis points to 3.0%, in line with expectations, and forecast further tightening.


The dollar dropped 1.2% against the Swedish currency to 10.47 having traded down around 0.5% before the decision. The euro dipped 0.7% to 11.26 having earlier traded down around 0.25%. (Reporting by Alun John; Editing by Amanda Cooper)

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