Central bank keeps main interest rate unchanged

The Swedish central bank announced it will keep its key interest rate, the repo rate, unchanged at 0.25 percent, a move widely expected by financial analysts.

There had been some speculation that the surprising low rate would increase after the bank, known as the Riksbank in Swedish, slashed the rate by 0.50 percentage points from 0.75 percent in July.

However, the bank said it believes the repo rate will begin to be slowly adjusted upwards toward the end of next year.

"As in the previous forecast, it is assessed to be appropriate to begin raising the repo rate towards the end of 2015, when inflation is clearly higher," the bank said in a statement on its website.