Sweden's Riksbank keeps rates at 1.75% as expected

(Sharecast News) - Sweden's Riksbank kept interest rates on hold on Thursday as widely expected.

The policy rate was left at 1.75% and the central bank said it was expected to remain at this level "for some time to come", in line with its forecast in December.

However, it also pointed out that uncertainty regarding the outlook for inflation and economic activity has increased.

"Recent developments, for instance in relation to US trade and foreign policy, have widened the range of potential outcomes for what can happen going forward," Swedbank said in a statement.

"The Swedish economy has so far proved resilient to the uncertainty related to the geopolitical situation and higher tariffs, but sentiment in the household and corporate sectors can deteriorate rapidly."