Sweden's Riksbank cuts key interest rate to 3.75%, first in 8 years, due to weak economic activity and easing inflation.
Sweden's central bank, the Riksbank, cut its key interest rate for the first time in eight years, from 4% to 3.75%, due to weak economic activity and easing inflation. The bank expects to lower the rate again twice more by the end of the year if the inflation outlook remains stable. This marks the second major central bank after the Swiss National Bank to move ahead of the US Federal Reserve.
May 08, 2024
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