Category Archives: Cloud Storage

VMware to use MinIO object storage in Kubernetes embrace – Blocks and Files

VMwarelooks likely to provision storage to Kubernetes Pods using MinIO open source object storage, if its own slide is to be believed.

But first some background. VMware is embracing Kubernetes containers, an alternative, more granular form of server virtualization than its own vSphere virtual machines.

VMware is the dominant form of server virtualisation on-premises, and is also available in the cloud with, for example, VMware Cloud Foundation. But cloud-native workloads use containers, not virtual machines and that is a fundamental threat to VMware.

When applications are containerised their code exists in many small pieces, called containers. These deliver micro-services to each other and have standard interfaces, permitting the code inside a container to change without prejudicing its interaction with other containers. When an application is run the component containers have to be loaded into a servers memory in the right sequence.

Orchestrator code has to be used for this and the Google-originated Kubernetes has become the most popular orchestrator. In its terminology the set of containers that make up an application is called a Pod and Kubernetes is used to provide storage to a Pod.

VMware is working on an internal Project Pacific development to add a Kubernetes control plane to vSphere. This will enable vSphere admins to manage containerised apps and it will embed Kubernetes concepts in vSphere so that VM-based apps are also orchestrated using Kubernetes.

A VMware blogger, Jared Rosoff, senior director, product management for workload management in vSphere, wrote in August: The key insight we had at VMware was that Kubernetes could be much more than just a container platform, it could be the platform for ALL workloads.

He added: This brings the great Kubernetes developer experience to the rest of our datacenter. It means developers can get the benefits of Kubernetes not just for their cloud native applications, but for ALL of their applications. It makes it easy for them to deploy and manage modern applications that span multiple technology stacks.

A developer interacts with Project Pacific as if it were Kubernetes. On the other hand a VMware admin sees Project Pacific as vSphere. It gives vSphere the ability to manage complete Kubernetes Pods as well as individual virtual machines that make up applications in existing vSphere environments.

A briefing slide showed MinIOs positioning in VMwares Kubernetes Pods:

MinIO is used in this way, Minio CEO AB Periasamy said, because the software is S3-compliant, fast, widely used across enterprises, and also extensively used by containerised applications.

He said: We are the native storage when it comes to Kubernetes for VMware. VMware is betting on Kubernetes.

There have been 288.8 million Docker pulls (downloads) of MinIO instances. Sixty two per cent of all MinIO instances are containerised with Docker, and 27 per cent of all MinIO instances are managed using Kubernetes, meaning 43 per cent of the containerised instances. MinIO is deployed in 84 Fortune 100 enterprises. Blocks & Files understands Apple also has a multi-PB instance of MinIO running.

As VMware users adopt Kubernetes Pods through vSphere, MinIO should be pulled along in its wake.

See original here:
VMware to use MinIO object storage in Kubernetes embrace - Blocks and Files

These shockingly low prices on Blink security systems and Amazon Fire TVs only last one day – BGR

Celebrating the holidays is definitely made better when you know that you got a great price on your gifts, even if they were for yourself. Theres hardly a time, during this season, that you should be walking away from buying something and thinking you paid too much. If youre in the market for the gift of home security or home entertainment for someone on your list, we have deals that will blow you away. With the latest one-day sale from Woot!, youll be so amazed at how low these prices have gone, youll think theyre a holiday miracle.

Just for today, youll be able to nab either a Blink XT Home Security Camera System or an Amazon Fire TV with 4K and an Alexa Voice Remote for crazy low prices. The Blink system starts at only $59.99 and the Amazon Fire TV costs a mere $24.99! Our favorite deals site has done it again with one of their fantastic daily sales. Both of these are brand new and are just two of the amazing deals that are available today on Woot!

When you pick up the Blink XT Home Security System, youll be getting a wireless camera meant to keep your home safe. It can be placed either inside or outside and the system can be expanded to up to 10 cameras. It features a built-in motion detector that sends an alert to your smartphone when its triggered. A short clip will also be recorded to the cloud, allowing you to see exactly what caused it. Speaking of the cloud, there arent any monthly fees for cloud storage when you have this security system.

For the Amazon Fire TV, youll be able to experience life-like picture quality in 4K Ultra HD and HDR. With the Alexa-enabled voice remote, youll be able to just talk and tell it what you want to watch next. You can even check local movie times or order a pizza using this device. Youll have access to all of your shows and streaming apps and Amazon Prime members get unlimited access to thousands of movies and TV episodes. It also gives you access to live sporting events and shows.

Here is the important product information from the Amazon pages:

Make sure you dont miss these deals, as theyll only last today. Keep checking throughout the week and every day on Woot!, as theyre continuing to blow out items like sunglasses, apparel, cookware, laptops and tablets all holiday season long.

Follow @BGRDeals on Twitter to keep up with the latest and greatest deals we find around the web. Prices subject to change without notice and any coupons mentioned above may be available in limited supply. BGR may receive a commission on orders placed through this article.

Original post:
These shockingly low prices on Blink security systems and Amazon Fire TVs only last one day - BGR

SolarWinds Gears New Backup for Office 365 Solution Toward MSPs – ITPro Today

SolarWinds last week announced a cloud-based backup solution for Office 365 it says protects data managed from the same web-based dashboard typically used for servers and workstations.

That approach, which allows managed service providers (MSPs) to see the status of their backups across all customers and locations, sets Backup for Office 365 apart from other Office 365 cloud-based backup solutions from vendors such as Veeam, Acronis, Backupify and CodeTwo. Those solutions may require a separate console or separate product for Office 365.

"Technicians dont need different credentials, have to switch interfaces or look in two places to troubleshoot issues or recover files," said Alex Quilter, SolarWinds' vice president of product management for security.

Backup for Office 365 also includes virtually unlimited cloud storage in SolarWinds' private cloud to protect Microsoft Exchange, OneDrive and SharePoint. SolarWinds maintains more than 30 data centers worldwide to maintain locality requirements.

"We think its important to allow backups to reside in a country of the companys choice, so that company data wont cross borders without their permission," Quilter said.

The goal, Quilter said, is to help reduce the potential impact of malicious external attacks or internal user error. Related data retention, recoverability and the ability to demonstrate regulatory compliance are becoming even more critical, he added, as more businesses adopt software-as-a-service (SaaS) applications and shift resources to the cloud.

There is a good reason why companies have so many choices when it comes to protecting Office 365 files. According to a recently released report, Microsoft Office represented 73% of the most commonly exploited applications worldwide during the third quarter of 2019. Another report from earlier this year found that 60% of sensitive cloud data is stored in Office documents, and 75% of that data is not backed up.

"Office 365 email and documents shared and stored in SharePoint, OneDrive and Teams are the new business-critical data," said the 451 Research report. " Many business continuity/disaster recovery (BC/DR) plans start with protecting key databases and other mission-critical applications, but the unstructured data generated by SaaS-based products is starting to grow faster than traditional database information and can have just as critical of an impact when lost or destroyed."

Go here to see the original:
SolarWinds Gears New Backup for Office 365 Solution Toward MSPs - ITPro Today

Disrupting the disruptors: The power of hybrid integration – ITProPortal

Technology has transformed the way that businesses are run and led to the emergence of a new type of company think about the likes of Uber, Netflix and Citymapper. These disruptors have pushed the boundaries of whats possible, appealing to consumer expectations for joined-up services and a seamless experience.

These agile start-ups have changed the way the market works, sending a message to the rest on the need to innovate. One reason the disruptors can do this is they dont have to worry about data stacked anywhere other than the cloud, meaning they can focus on the here and the now. However, the established players have a wealth of historic information thats been built up over the years and which is spread across the cloud, at the edge or on-premise. Building a company fit for the 21st century requires a holistic view of the business, presenting companies with unique challenges in that there is a need to integrate all of this disparate information.

And so, in the context of todays landscape, how can the established players disrupt the disruptors?

For consumers of the digital era, experience is everything. They expect newfound convenience and flexibility and will have no problem looking elsewhere if this cannot be provided. This begs the question: how can the traditional players hope to keep up if this is the case?

However, things arent as complex as they seem. One reason these new companies can drive such positive results comes down to the fact there is no reliance on legacy databases, and they can take advantage of existing third-party systems. For example, Citymapper leverages open data from the Transport of London to retrieve journey information and provide real-time visibility over transport schedules, allowing customers to make the best choice of journey based on timings. Meanwhile, Uber uses Googles APIs to run their mapping software and match customers with the drivers closest to them. From there, the data is stored and used to predict supply and demand, as well as set fares.

In both cases, these services have been built on existing integrations, meaning they dont run into the same problems as many of the established players. On the other hand, heritage companies rely on systems that they have created over the years which are stored and siloed across multiple data sources, meaning innovation is blocked as a result. Ultimately, organisations must integrate if they are to drive innovation after all, why reinvent the wheel?

Were living in a period where information is key, and where companies in every industry are inundated with data from all sides. And this is only set to rise, with IDC predicting that the global datasphere will grow from 33 zettabytes in 2018 to 175 zettabytes by 2025. In terms of how this is stored, many organisations have initiated cloud-first policies, meaning no new data should be stored in their data centres. The reasons for this drive to the cloud are numerous given the number of business benefits. For example, the cloud provides unlimited storage and accessibility from anywhere in the world.

While some companies already do everything in the cloud, the vast quantities of data collated by heritage organisations is stored across multiple data sources. It is therefore likely that these organisations will always have some systems stacked in heritage servers as a result of the costs involved, the datas complexity and the inability to replicate it in the cloud.

This means there is a need to integrate data and applications stored on-premise, in the cloud and between the two. This is where hybrid integration comes into play. It removes the need to relocate legacy information from on-premise sites and creates new systems to enhance efficiencies.

Clearly, hybrid integration must be on the agenda for established companies if they are to drive success in the digital world. But for all the benefits, there is no shortage of challenges that organisations must overcome when it comes to hybrid integration.

For a start, connecting existing systems with cloud applications is highly complex for established companies, whose applications are spread disparately. For example, these companies have data stored on-premise, in SaaS applications and are sharing data and documents with partner organisations. With the majority of integration platforms lacking the capabilities to integrate all of these sources, companies must ensure they invest in solutions which can connect their existing applications to a cloud landscape.

Elsewhere, the proliferation of connected devices brings new challenges in itself. With organisations estimated to manage over 50 billion devices by 2020, businesses must ensure their integration technologies can link IoT devices directly with business applications and the workflows they connect. Whats more, these technologies need to be able to quickly connect devices over any network and provide device conditioning, real-time analytics and dashboards.

Hybrid integration presents businesses with newfound opportunities by enabling them to connect existing data sources with cloud applications. Those companies which fail to act risk falling behind as agile start-ups leverage existing APIs to enhance their products and services.

The challenge therefore centres around how heritage companies can keep up with the competition. These businesses must think about the long-term issues if they are to overcome their integration challenges. Companies that adapt quickly will not only avoid being disrupted by nimble competitors but will truly benefit from these changes. By combining hybrid integration platforms with enterprise integration technologies, organisations can succeed in addressing the complex issues they run into on their integration projects.

Sue Cameron, Head of Integration, Software AG

The rest is here:
Disrupting the disruptors: The power of hybrid integration - ITProPortal

Alexa and Google enabled smart plugs are just $7.50 each in this crazy year-end sale – BGR

Amazons big holiday sale might be over now that its Christmas Eve, but the deals are just as good or even better in the retailers new Year-End Sale. Dont believe us? Well, you will after you check out this killer deal. Wi-Fi smart plugs from big brands typically cost between $17 and $30 a pop. $30 for one plug! Thats crazy, and todays deal on top-selling smart plugs is proof. Grab a 4-pack before they sell out and you can get Meross WiFi Mini Smart Plugs for just $7.50 a piece! They work with an app, Alexa, and Google Assistant, and you dont need to buy a hub or anything else to make them work.

Heres more info from the product page:

Follow @BGRDeals on Twitter to keep up with the latest and greatest deals we find around the web. Prices subject to change without notice and any coupons mentioned above may be available in limited supply. BGR may receive a commission on orders placed through this article.

Read the original:
Alexa and Google enabled smart plugs are just $7.50 each in this crazy year-end sale - BGR

Reds team up with leader in cloud storage Acronis – Liverpool FC

Liverpool FC has welcomed global leader in cyber storage, Acronis, to the Reds family in a new multi-year partnership.

The technology company, which provides hybrid cloud solutions for backup, disaster recovery, and secure file sync and data access, will now become LFC's official global cyber backup and storage partner.

The partnership will see the Swiss-Singaporean technology leader provide LFC with innovative cyber backup and cloud solutions to improve data storage and access and create a more efficient and collaborative workflow.

Being able to efficiently back up and safeguard huge volumes of important information using cloud-based storage solutions from team data to day to day business operations will significantly help LFC optimise its data management in the increasingly digital world.

The ability to securely sync files will enable departments to easily share a range of documents and collaborate on important tasks, making for more efficient, streamlined ways of working.

Partnering with high performance organisations in the sports industry, Acronis aims to continue to build brand awareness, recognition and visibility across global markets.

Billy Hogan, managing director and chief commercial officer, Liverpool FC, said: We are always looking for ways to enhance the way we store and share important files and information across the business, so were looking forward to working with Acronis as our new official global cyber backup and storage partner.

"Our data is incredibly valuable, and safely and efficiently storing and accessing that information is critical to the way we operate as a business and a football club."

Enrico Tizanno, senior vice president of technology and transformation, Liverpool FC, said: We look forward to working closely with Acronis to utilise its expertise and innovation in data storage, backup and disaster recovery solutions to help us meet our modern data needs.

"From how to best protect our valuable data assets, to how we can make the best use of the petabytes of the data we have and securely distribute it.

The Five Vectors of Cyber Protection that make up the backbone of Acronis' solutions include safety, accessibility, privacy, authenticity, and security (SAPAS). Using this approach will help the club to ensure easy, efficient, and secure management of data, applications, and systems.

Serguei Beloussov, Acronis founder and CEO, said: At the highest level of competition, data is a critical asset. Acronis technology is perfectly suited for helping organisations get #CyberFit in high-pressure, digitally intensive environments.

"We are proud to partner with this great club and look forward to our joint projects in the future.

Acronis is already a part of the FSG family and the sporting world, through its current partnership with the Boston Red Sox and Roush Fenway Racing.

Originally posted here:
Reds team up with leader in cloud storage Acronis - Liverpool FC

Data Stored in the Cloud Needs Backup Heres Why – TechiExpert.com

Cloud adoption is at an all-time high with cloud computing models like Infrastructure-as-a-Service (IaaS), Platform-as-a-Service (PaaS) and Software-as-a-Service (SaaS). In enterprise environments, cloud is already playing an integral role in reducing data center footprint, optimizing business processes and delivering great value-for-money experience.

Speaking of cloud adoption, here are some statistics by Statista aboutthe state of the cloud in 2017. 2018 and the expected growth rate in 2020:

The flexibility, scalability and availability that CloudService Providers (CSPs) offer have made it simply the go-to choice fornumerous enterprise use-cases. Verily, cloud storage tiers are a good optionfor business and organizations of all sizes ranging from Small to Medium-sizedBusiness (SMBs) to large enterprises.

However, theres one thing that cloud adopters need toremember about cloud storage technology: it does not protect from data loss.

Cloud Service Providers (CSPs), like Microsoft Azure, AmazonS3, Google cloud and other public clouds, take responsibility for dataavailability.

Data availability means that CSPs only make sure that yourdata is available but protecting data from data loss due to threats likeaccidental deletion, malicious deletion, ransomware attacks, viruses, malwareetc. is the data owners (your) responsibility. Therefore, its imperative thatalong with cloudstorage, reliable and effective data backup measures are set up to preventdata loss.

But before we talk about these backup or data protectionmeasures, lets try to draw a clearer line between data availability and dataprotection or data security.

Microsoft Azure and Amazon use geo-replication to replicateyour stored data to different servers in the same data center. Andadditionally, the data is replicated between different data centers as well.

This is done to make sure that if a server in Azure orAmazons data center fails, you dont feel any discontinuity or unavailabilityof data. If the primary copy becomes inaccessible, the system fails over thesecondary copy (or replicated copy) and data accessibility continuesseamlessly. And with replicas of data stretched across data centers, these CSPsensure that you dont feel any disruption even if an entire data center goesdown.

You might be wondering, Thats great and all, but whathappens when a virus affects a volume or when a file is accidentally deleted?

The answer: theres no built-in failsafe for that. If afolder is deleted, then the real-time replication features make sure that itsdeleted from all replicas or secondary and tertiary copies. In other words, thevirus, the file deletion, or malicious encryption, is replicated across allcopies of the data whether its within the same data center or betweendifferent data centers.

So how can you protect business-critical files, folders andVirtual Machines (VMs) running in the cloud? You can do so by backing up yourdata stored in the cloud.

By setting up backup and Disaster Recovery (DR), youllensure that in the event of a ransomware attack, virus infection, accidental ormalicious deletion, you still have backup copies that can be used to recoveryour data.

It goes without saying here that backup copies are not thesame as the replicas created with geo-replication or sync & asyncreplication services.

For more detailed insight on the difference between cloudbackup, cloud storage and cloud sync, we highly recommend thisblog.

Thus far, weve established:

Now that weve established that its important to backupdata stored in the cloud, the two consequent questions are:

Data owners have a couple of options when it comes tosetting up backups for data stored in the cloud. The best option variesdepending on specific requirements, budget, internal policies, IT staffexperience, and applicable industry regulations.

Following are a number of generally applicable & securebackup options for enterprise data owners using cloud storage solutions:

If your IT framework is open to setting up an in-house datacenter, then one option is to set up a dedicated backup & DR appliance. Thepurpose-built backup appliance creates backups of the data stored in the cloudand keeps copies in the on-premises infrastructure.

If youre already in possession of backup software, then the fully integrated backup system can be replaced by a secure backup targetstorage; which can be a NAS or SAN storage appliance.

With this setup, data owners can keep backup copieson-premises and restore quickly. Not to mention, when considering the long termROIs of on-premises infrastructure versus cloud, on-premises infrastructure hasgreater potential to deliver better value-for-money experience.

If your organization is more in favor of serverlesscomputing, then cloud-to-cloud backups are the right choice for you.

Cloud-to-cloud backups are exactly as they sound like. Byleveraging backup software, data owners backup NAS or SAN volumes stored in thecloud or VMs running on cloud HCI to another cloud repository.

The specifics of the backup strategy and execution varydepending on the chosen backup software vendor and supported cloud integration.

For instance, Veeam isnow venturing into the cloud-native backup world by offering backups forVMs & data stored in AWS and/or Azure. With Veeam software, enterpriseusers can backup their data running in AWS to another repository provisioned inAWS; and the same goes for Azure.

Similarly, other backup software vendors are either alreadydoing this or beginning to come up with similar options for enterprise users.

This should answer the first question: how to backup datastored in the cloud? Now lets talk about how to do it effectively?

There are two major parts of any backup solution:

Which backup software best suits your requirements? Tochoose the right backup software, you need to have clear answers for thefollowing questions:

The second thing that you really need to pay attention toare the data security features of your backup target storage. For instance, thefollowing is a list of very desirable features or data services for backup datastorage:

If your backup target storage has these capabilities, thenyou can be rest assured that your business-critical workloads are safe andsecure from a number of cyber-security threats.

Cloud technology is cost-effective, reliable and itintroduces operational efficiency to several business processes. Consideringthe volume that digitally transformed businesses have to process, cloud storageis definitely a great option.

However, without secure cloud backups, data stored in thecloud is vulnerable to data loss and consequent disruption and downtime.Therefore, its imperative for businesses going serverless to setup backup& DR solutions to ensure data loss prevention and business continuity.

More:
Data Stored in the Cloud Needs Backup Heres Why - TechiExpert.com

The 5 Best Deals on Cloud Storage and Backup This Holiday Season – XDA Developers

Whether you want to back up your photos or sync files between devices, cloud storage space is always useful. Here are the best deals on cloud services this holiday season at the XDA Developers Depot now with 15% off when you use code MerrySave15 at checkout.

Based on Amazon Web Services (AWS) technology, Polar Backup provides a generous 1TB of secure backup. Your files are protected by AES-256 encryption, and you can back up any PC, Mac, or external drive.

Worth $390, lifetime backup is now $34 with the code MerrySave15.

With more space than Dropbox, OneDrive, and Google Drive combined, Degoo Premium gives you plenty of backup space to play with. The platform automatically backs up your data, and you can share files securely with friends and family. Worth $900, lifetime 1TB backup is now just $42.50. You can upgrade to 2TB for $51, get 3TB for $59.50, or grab the 10TB plan for $85.

Koofr keeps things simple. The platform is easy to use, with no razzle dazzle. It also allows you to connect your other cloud accounts, so you can see all your files in one place. Better still, there is no file size limit.

Worth $270, the 25GB lifetime plan is now $17. You can upgrade to 100GB for $30.66, 250GB for only $59.50, or 1TB for just $110.50.

Running on powerful Tier IV data center facilities, ThunderDrive storage is six times faster than Amazons. You can access your files via any desktop or mobile device, with 256-bit AES encryption for complete peace of mind. Normally $1,200, lifetime 2TB subscriptions are now only $33.15. If you prefer, you can get the lifetime Personal plan (500GB) for just $24.65.

Combining cold storage and instant access storage, Zoolz offers incredible value. The Instant Vault is perfect for the files you use every day, while the Archive Backup is suited to family photos and other precious files. You can get lifetime 1TB cold storage with unlimited users for $101.15.

Prices subject to change

stackSonar('stack-connect-p', '228');

Want more posts like this delivered to your inbox? Enter your email to be subscribed to our newsletter.

See the article here:
The 5 Best Deals on Cloud Storage and Backup This Holiday Season - XDA Developers

Why Prudential’s Top Line Is Likely To Shrink Nearly $1 Billion In 2019 – Nasdaq

Prudential Financial (NYSE:PRU) is a global financial company with operations in the United States, Asia, Europe, and Latin America. Trefis details the key components of Prudential Financials Revenues in an interactive dashboard, along with our forecast for 2019-2020. While the companys Total Revenue has jumped 7% from $58.8 billion in 2016 to almost $63 billion in 2018, we expect it to drop 1% (roughly $900 million) to $62.1 billion in 2019 primarily due to a $1.6-billion reduction in revenues for its U.S. Workspace solutions division. This decrease would be partially offset by growth in other divisions like International Insurance ($400 million), U.S Individual Solutions ($100 million), Corporate & Closed Block ($100 million) and Global Investment Management ($100 million).

Notably, we expect Prudentials International Insurance segment to contribute the biggest chunk of revenues (36% of the total) for 2019 surpassing the U.S. Workspace solutions division as the companys largest operating segment.You can make changes to our forecast for individual revenue streams in the dashboard to arrive at your own forecast for Travelers Revenues.

What To Expect From Prudential Financials Revenues?

Details about how trends in Prudential Financial revenues compare with peers MetLife, AIG and Hartford Financial are available in our interactive dashboard.

(A) International Insurance revenues would cross $23.2 billion by 2020

(B) U.S. Workspace Solutions grew 24% over the last 2 years from $18.2 billion in 2016 to $22.5 billion in 2018.

(C) U.S Individual Solutions would cross $11 billion by 2020, although it would grow at a slower pace.

(D) Although Corporate & Closed Block revenues have decreased 37% over the last 2 years, it would increase 4% in 2019.

(E) Global Investment Management revenues are expected to hover around $3.4 billion by 2020.

Our interactive dashboard for Prudential Financial details what is driving changes in revenues for Prudential Financials U.S Individual Solutions, Corporate & Closed Block and Global Investment Management.

Trefis estimates Prudential Financials stock (shows cash and valuation analysis) to have a fair value of $108, which is roughly 15% higher than the current market price (Our price estimate takes into account Prudential Financials earnings release for the third quarter).

Whats behind Trefis? See How Its Powering New Collaboration and What-IfsForCFOs and Finance Teams|Product, R&D, and Marketing TeamsAll Trefis DataLike our charts? Exploreexample interactive dashboardsand create your own

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Read more here:
Why Prudential's Top Line Is Likely To Shrink Nearly $1 Billion In 2019 - Nasdaq

Swedish c.bank ends five years of negative rates with hike to zero – Nasdaq

Riksbank is first central bank to exit negative rates

Sees benchmark rate on hold at 0.0% through 2021

Swedish crown strengthens

Adds background, currency reaction

STOCKHOLM, Dec 19 (Reuters) - Sweden's central bank hiked its benchmark repo rate by a quarter point to zero as expected on Thursday, defying a slowdown in the economy and global uncertainty to draw a line under five years with negative interest rates.

The hike from -0.25% means the Riksbank becomes the first central bank to inch its way back up to what was long considered the floor for interest rates. Rates are still negative in the euro zone, Japan, Denmark, Switzerland and Hungary.

"The Riksbank assesses that conditions are good for inflation to remain close to the target going forward," the central bank said in a statement.

"Therefore, in line with the assessment in October, the Executive Board has decided to raise the repo rate from 0.25 percent to zero percent."

The central bank as before said it expected the repo rate would remain unchanged through 2021.

All but one analyst in a Reuters poll forecast a hike.

The Swedish crown was slightly stronger against the euro after the decision. EURSEK=

The world's oldest central bank cut rates to -0.10% in 2015, worried that the euro zone crisis would hit already weak prices and lead to a Japanese-style deflationary spiral.

It was forced to go further, with rates dipping as low as -0.50% in 2016 before ultra-loose policy gained traction, weakening the crown, pushing up import prices and boosting the export-reliant economy.

Few would argue that policy has been too tight. But many question the timing of the hike - only the second since mid-2011 - as the economy is slowing.

However, the Riksbank is worried that negative rates are damaging the economy in other ways, boosting asset prices and debt and increasing the risk for a financial crisis.

GRAPHIC: Sweden economy: http://tmsnrt.rs/2bylYpf

GRAPHIC: Riksbank rate, inflation and the Koran: http://tmsnrt.rs/1qEN4Rz

GRAPHIC: The Scandinavian housing market interactive: http://tmsnrt.rs/2k1TfAt

Sweden economy:http://tmsnrt.rs/2bylYpf

Riksbank rate, inflation and the Krona:http://tmsnrt.rs/1qEN4Rz

The Scandinavian housing market interactive:http://tmsnrt.rs/2k1TfAt

(Reporting by Stockholm newsroom; editing by Niklas Pollard)

((simon.c.johnson@thomsonreuters.com; +46 8 700 1045; Reuters Messaging: simon.c.johnson.reuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Continued here:
Swedish c.bank ends five years of negative rates with hike to zero - Nasdaq