Sweden's Riksbank expects to cut interest rates 2-3 times in H2 2023 due to subsided inflation and weak economy.
Sweden's central bank, Riksbank, has announced it expects to cut interest rates up to three times in the second half of 2023, as inflation has subsided and the economy remains weak. The bank kept its key interest rate at 3.75% and stated that if inflation prospects remain constant, the Riksbank expects to cut rates twice or thrice during the second half of the year. The decision aligns with the European Central Bank's potential for two more rate cuts in 2023.
June 26, 2024
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