Sweden cuts key interest rate to record low

Sweden's central bank on Thursday cut its repo rate by 10 basis points to a record low -0.35 percent, to avoid a strengthening of the krona amid the Greek crisis.
"Inflation is rising and economic activity in Sweden is continuing to strengthen. But uncertainty abroad has increased and it is difficult to assess the consequences of the situation in Greece," the bank said in a statement.
"In this uncertain environment, monetary policy needs to be even more expansionary to ensure that inflation continues to rise towards the target of 2.0 percent," it said.