| | Forex - Swedish krona drops on less hawkish Riksbank statement - Forbes.com (Site not responding. Last check: 2007-10-21) |
 | | LONDON (AFX) - The Swedish krona was lower against the dollar and the euro after Sweden's Riksbank hiked its main repo rate by 25 basis points to 2.00 pct as expected, but issued a much less hawkish accompanying statement. |
 | | The central bank lowered its forecasts for inflation and said interest rates are likely to rise at a 'slightly slower rate' in the future, even though it still conceded that rates are 'relatively low from a historical perspective'. |
 | | At 11.58 am, the dollar rose to 7.8742 against the Swedish krona, up from 7.8594 before the Riksbank announcement, while the euro jumped to 9.4145 skr from 9.3627 previously, just off an earlier seven-week high of 9.4293. |
| www.forbes.com /markets/feeds/afx/2006/02/23/afx2547652.html (542 words) |