Riksbank Signals as Many as Three More Rate Cuts This Year

-- The Riksbank kept borrowing costs unchanged and said it expects to resume easing again with as many as three cuts in the second half of the year.FedEx Stokes Investors With Hint of a Freight Deal

The prospect of further easing chimes with that of the euro zone. Finnish central bank Governor Olli Rehn said in an interview released on Wednesday that market bets for two more rate cuts by the European Central Bank this year are fair. All economists surveyed by Bloomberg had forecast the bank to stay its hand after the governor had clearly indicated that rate cuts won’t resume until the second half of this year. Last month, officials reduced borrowing costs for the first time in eight years.

The Swedish central bank didn’t specify when it might cut again. The first opportunity to do so would be at its forthcoming announcement on Aug. 20. Robert Bergqvist, an economist at SEB, observed that the next consumer-price release on July 12 will be key in determining such a move. The Riksbank still believes that consumer-price growth will continue its downward trajectory. The CPIF measure that it targets is seen below its 2% goal in 2025, at 1.8% — slightly lower than previously forecast.

--With assistance from Naomi Tajitsu, Joel Rinneby, Harumi Ichikura, Stephen Treloar, Alastair Reed, Christopher Jungstedt, Love Liman, Christian Wienberg and Zoe Schneeweiss.Musk’s Population Obsession Comes With a Dark HistorySocial Media Predicts Outcome Of Trump-Biden Debate — And It's Hilarious

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Riksbank Is Poised for a Pause on Rate Cutting: Decision GuideSwedish policymakers are probably about to follow up last month’s interest-rate cut with a pause — accompanied by a signal for further easing later this year.
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