The Swedish krona dropped to a 17-year low on Thursday as the country’s central bank is the latest to reverse its policy and delay an interest rate hike.
The krona sank 1.4% against the dollar to its lowest point since August 2002 as the central bank, or Reikbank, is not expected to hike interest rates before 2020. The turbulence echoes the drop of the euro in March when the European Central Bank pushed back an interest rate hike to 2020.
Sweden is the latest EU member state to see its inf...
This story is part of New Europe's Premium content.
|To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑|