Swedish economy to slow, rate hike in 2020

STOCKHOLM: Sweden's economy will slow slightly this year and the central bank will wait until spring 2020 to raise the benchmark interest rate, a leading think tank said in a fresh forecast on Wednesday.

"Most signs are that the Swedish economy is now in a slowdown phase, and GDP growth is expected to be weaker in the coming quarters," the National Institute of Economic Research said in a statement.

"The Riksbank is nevertheless expected to raise the repo rate in April 2020."