Sweden's Riksbank cuts rates by 0.5%

The Sveriges Riksbank announced on Friday June 6 that it was reducing its repo rate from 3.5 per cent to 3.0 per cent based on the picture of future inflation presented in its Inflation Report and no clear indication of a strengthening in economic activity.

Source: Sveriges Riksbank press release

At its meeting on 4 June, the Executive Board of the Riksbank decided to lower the repo rate from 3.5 per cent to 3.0 per cent. This decision, which will apply from Wednesday, 11 June, is based on the