0916 GMT - The Swedish krona is little moved, staying firmer on the day versus the euro, after the Riksbank held its policy rate at 1.75%, as expected. The rate is expected to remain at this level for "some time to come," although the war in the Middle East makes this forecast very uncertain, the central bank said. The Riksbank's main scenario assumes that the war has moderate effects on inflation and the economic recovery. However, if the war leads to more persistent inflation, the central bank would have to raise the policy rate. Alternatively, it could have to cut it if demand is hit significantly while inflationary pressures weaken, it said. The euro is last down 0.2% at 10.7737 kronor. (jessica.fleetham@wsj.com)
(END) Dow Jones Newswires
March 19, 2026 05:17 ET (09:17 GMT)
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