Central Bank of Sweden has reduced the base rate.

Central Bank of Sweden has decided to lower the base rate immediately to 1.75 percentage points to two per cent per annum. It is reported agency AFP.
The decline in the discount rate Swedish Government intends to stimulate the growth of the economy, which in late November in a recession. During the second and third quarters of 2008, GDP declined by 0.1 Sweden percent. Thus, has been meeting the conditions for a technical recession - GDP over the next two quarters in succession.
Thanks to the low base rate financial institutions countries are able to obtain cheap loans and lend to companies. However, because this could increase inflation, since the country's economy gets too much free funds.
In recent years many developed countries, where because of the crisis slowed the growth of the economy, have been forced to lower interest rates. In particular, the European Central Bank on November 6 lowered the base rate in the euro zone to 0.5 percentage point to 3.25 percent annual interest.