Riksbank Kicks Off Easing With First Rate Cut Since 2016

-- The Riksbank cut its benchmark interest rate for the first time in eight years, acting before the neighboring euro zone in a bid to offer respite to Sweden’s recession-stricken economy.Trump’s Private Life Exposed in Intimate Stormy Daniels Testimony

Their choice signals that the domestic situation, with subsiding inflation and a sputtering economy, takes precedence over any concern that moving ahead of bigger peers will lead to another bout of krona weakening that in turn would fuel import prices. “The risks that may cause inflation in Sweden to rise again are primarily linked to the strong US economy, the geopolitical tension and the krona exchange rate,” the bank said. “The adjustment of monetary policy going forward should therefore be characterized by caution, with gradual cuts to the policy rate.”

--With assistance from Anton Wilen, Joel Rinneby, Love Liman, Christopher Jungstedt, Zoe Schneeweiss and Naomi Tajitsu.Toyota racks up booming profit, vows to invest to keep growth going

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