LONDON, Feb 9 (Reuters) – The Swedish crown firmed on Thursday after the country’s central bank raised its key interest rate by 50 basis points to 3.0%, in line with expectations, and forecast further tightening.
The dollar dropped 1.2% against the Swedish currency to 10.47 having traded down around 0.5% before the decision.
The euro dipped 0.7% to 11.26 having earlier traded down around 0.25%.
Reporting by Alun John; Editing by Amanda Cooper
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