Swedish Krona Plunges as Riksbank Signals More Easing to Come
- Central bank now expects rates to stay lower for longer
- Analysts eye possible December cut after rates held at -0.50%
Riksbank's Ingves Sees Policy Rate Lower If Needed
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Sweden’s krona weakened to the lowest level since 2010 after the central bank signaled it’s prepared to extend bond purchases into next year and said that it will keep interest rates lower for longer in its quest to bring inflation back toward its target.