Riksbank holds rate and signals earlier cuts

Risks including supply shocks due to ‘geopolitical unease’ remain

Sveriges Riksbank
Sveriges Riksbank
Daniel Hinge

Sveriges Riksbank held its key interest rate at 4% today (February 1), but said it may be possible to bring a cut forward to the first half of 2024.

“The executive board now assesses that there is less risk of inflation becoming entrenched at levels that are too high,” Sweden’s central bank said in a statement.

Inflation fell to 4.4% in December 2023 from 5.8% in November. It peaked at 12.3% in December 2022. “Following a longer period during which inflation was much higher than expected

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