Sweden's central bank cut its key interest rate for the first time in eight years today, citing easing inflation and hinting at two more reductions before the end of the year.
The Swedish central bank cut was widely expected, after inflation slowed sharply in March to 4.1% year-on-year, down from a peak of 12.3% in December 2022."If the outlook for inflation still holds, the policy rate is expected to be cut two more times during the second half of the year," it said.
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