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The Central Bank of Sweden has kept the rate at 3.75% and expects 2-3 reductions in the second half of the year

June, 27 2024
watermark Economic news

The Central Bank of Sweden (Riksbank) kept its key interest rate at 3.75% per annum at its meeting on Thursday. This decision coincided with analysts' expectations.


It is noteworthy that in May, the regulator lowered the rate for the first time in eight years. 


Riksbank noted that inflation is approaching the target 2%, and long-term inflation expectations are stabilizing. There is also a moderate increase in salaries.


The regulator’s management plans, while maintaining the current trajectory of inflation, to reduce the rate two or three times in the second half of the year.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.