Nordic central banks delay interest-rate increases

10/28/2010 | Bloomberg

The faltering global economic recovery and low borrowing costs across Europe and the U.S. have prompted central banks in Norway and Sweden to postpone increasing interest rates. "Low international rates are keeping Norges Bank and the Riksbank from hiking as fast as they would like to," said Kjersti Haugland, an analyst at DnB NOR and a former Norges Bank economist. Officials of Sweden's Riksbank will "proceed even slower than they have predicted."

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