Oddbean

Sweden cuts key rate for first time in eight years ========== Sweden's central bank has cut its key interest rate for the first time in eight years, reducing it by a quarter-point to 3.75 percent. The bank cited easing inflation and hinted at two more rate reductions before the end of the year. Inflation in Sweden has slowed significantly in recent months, reaching 4.1 percent year-on-year in March, down from a peak of 12.3 percent in December 2022. The bank's benchmark indicator, adjusted for fixed interest rates, reached 2.2 percent. The rate cut was widely expected and the bank warned of uncertainty in the inflation outlook. #Sweden #CentralBank #InterestRate #Inflation https://www.bssnews.net/business/187825