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Riksbank as divided as ever; Swiss industry in a rut

While the Riksbank is keen to present a united front, the minutes from its February meeting, published this morning, show that the Executive Board is as divided as ever. Next week, Q4 GDP data from Sweden, Denmark and Finland on Friday are likely to show that GDP growth was positive, albeit subdued, at the end of last year, while Iceland’s economy appears to have fallen into recession.

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