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Big win on Riksbank huge rate cut

Reuters beat the competition on the record 175 basis point rate cut by the Swedish central bank, the Riksbank, on Dec. 4, which was far larger than forecasts showed. Our subscribers had the news 12 seconds ahead of Bloomberg, giving them a critical advantage. The Swedish crown fell sharply, and the news prompted speculation that other central banks would follow suit.

Article Tags
Type: Reuters Best
Sectors: Economy
Regions: Europe / Middle East / Africa
Countries: Sweden