- Swedish Riksbank Rate Actual 3.5% (Forecast 3.5%, Previous 3.75%)
Statement Summary
The Executive Board has decided to cut the policy rate by 0.25 percentage points to 3.5%, as inflation is stabilizing near the target and economic activity remains weak. If the inflation outlook stays consistent, the policy rate could be reduced two or three more times this year, faster than previously expected. Long-term inflation expectations show strong confidence in the target, and moderate wage increases support this outlook.
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The decision was priced by the market hence the reaction on the EURSEK is limited. According to the latest forecasts, the Riksbank may cut interest rates another 2-3 times this year.
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