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UBER - Wall Street Breakfast: Sweden Becomes First To Exit Negative Rates
Uber Technologies Inc.
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Despite a weakening economy, Sweden's Riksbank has swum against the tide of global monetary policy by hiking its benchmark repo rate by a quarter point to 0.0%. The move, which ends half a decade of negative rates, may have other central banks admit to some downside amid fears of penalizing good savers, supporting companies that might otherwise collapse and inflating bubbles in the property market. Kicking the