Sweden's Riksbank cuts interest rate to 2.50%, hints at one more possible reduction in 2025.

Sweden's central bank, Riksbank, lowered its policy rate to 2.50%, marking its fifth reduction this year. The bank signaled a possible final cut in early 2025 if economic conditions remain unchanged. Despite some signs of recovery, economic activity is still weak, with inflation projected at 2.0% and GDP growth at 1.8% for next year. The bank anticipates further easing if the economic outlook stays the same.

3 months ago
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