Reported 2 days ago
Sweden's Riksbank has cut its benchmark interest rate by 25 basis points to 2.5%, indicating that its easing measures may conclude soon, with an additional rate cut expected before mid-2025. Despite efforts to stimulate the economy after a series of five reductions, economic recovery remains slow, and officials express caution regarding potential inflation risks. With a deteriorating Swedish krona affecting trade, the bank aims to balance inflation control with supporting growth as global economic uncertainties persist.
Source: YAHOO