[T.S.R:16120] Swedish Central Bank Raises Interest Rates-Inflation To Increase

Sweden's central bank has raised its key interest rate by a quarter of a percentage point to 1 percent due to expectations that inflation will increase as economic activity picks up. The central bank says that to stabilize inflation near its target of 2 percent, the key interest rate needs to be raised gradually. The Riksbank on Tuesday said the Swedish economy is developing strongly, but since the recovery pace in both the United States and Europe is uncertain, the Nordic country's repo rate is not expected to be lifted "so much in the coming years." The hike is the third since July. Before that, the Riksbank had kept the repo rate unchanged at 0.25 for two years, after making several sharp cuts in the autumn of 2008. FOR FULL REPORT VISIT THE LINK BELOW :  http://groups.google.com/group/stockresearcher/browse_thread/thread/ffd11dd61e696329?hl=en-GB Safe Harbor Statement: Some forward looking statements on projections, estimates, expectations & outlook are included to enable a better comprehension of the Company prospects. Actual results may, however, differ materially from those stated on account of factors such as changes in government regulations, tax regimes, economic developments within India and the countries within which the Company conducts its business, exchange rate and interest rate movements, impact of competing products and their pricing, product demand and supply constraints. Nothing in this article is, or should be construed as, investment advice.

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