Riksbank holds rates, signals one more cut possible in 2025
Lacklustre economic activity and higher-than-expected inflation fail to convince bank to cut
Sweden’s central bank held its policy rate at 2% today (August 20).
In its monetary policy update, Sveriges Riksbank attributed its decision to the country’s “sluggish” economic recovery and a slight uptick in inflation over the summer, which the bank saw as temporary.
“There is still some probability of a further interest rate cut this year, in line with the June forecast,” the bank wrote in its press release accompanying the announcement. The bank had cut rates at its last meeting in June. For
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