Riksbank under pressure to cut interest rates
Lower prices for clothes, shoes, home electronics and holidays resulted in an inflation rate of 0.0% in January, according to the Consumer Price Index. The UND1X, a measure of underlying inflation, was 0.4%. Both indices were lower than analysts had forecast and lower than the Riksbank had forecast in its latest inflation report.
The central bank is now under pressure to cut the repo rate or explain why it does not intend to do so.
Venture capitalists invest billions
Swedish venture capitalists invested some 17 billion kronor in 2004, mainly within the biotech, IT/software and medtech sectors.
Fazer bids for Cloetta
Fazer has unexpectedly made a hostile bid for all the shares in Cloetta Fazer. Swedish majority shareholder Malfors Promotor says the bid is too low and is considering placing a bid itself.
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