SWEDEN NOT MOVING INTEREST RATE FROM 0.25 Sweden's Central Bank said Thursday it will keep its interest rate at a record-low 0.25 per cent, despite signs that the economy is picking up. The Central Bank also said it would offer loans worth 100 billion kronor (13.9 billion dollars) to the commercial banks at a fixed interest rate in order to help secure favourable loans to commercial business and households. The Riksbank projected that GDP would decline by 4.9 per cent this year, but ... Read More

INTEREST RATES AT ECB EXPECTED TO REMAIN ON HOLD. The European Central Bank (ECB) is expected Thursday to leave interest rates on hold at their historic low of 1 per cent, but to raise its economic growth forecasts amid signs that the recession could be starting to draw to an end. In particular, this follows the release of figures Wednesday by the European Union's statistics office Eurostat confirming that the eurozone's two biggest economies - Germany and France - climbed out of recession ... Read More