Sweden cuts key rate aggressively to support economy

NAMPA / DPA

2024-11-07

Berlin (dpa) - Sweden's central bank lowered its benchmark rate aggressively to support economic activity and hinted at more rate cuts soon. The Executive Board of Riksbank decided to slash the policy rate by 50 basis points to 2.75%. Markets had anticipated a quarter-point reduction. To further support economic activity, the policy rate needs to be reduced somewhat faster than was assessed in September, the board observed. "If the outlook for in......

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