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(Bloomberg) The Riksbank laid the groundwork for monetary easing as soon as May, offering Sweden’s recession-stricken economy the prospect of some imminent respite.Most Read from BloombergTrump’s Net Worth Hits $6.5 Billion, Making Him One of World’s 500 Richest PeopleBiden Gains Ground Against Trump in Six Key States, Poll ShowsTrump Vows to Pay Fraud Trial Bond Cut by 68% to $175 MillionJapan Steps Closer to Intervention as Yen Hits Lowest Since 1990Vital Baltimore Bridge Collapses After Be ....
Sweden's central bank could cut rates as early as the first half of this year, but there are risks that inflation might prove stubborn, delaying policy easing, the minutes of the central bank's most recent meeting, published on Wednesday, showed. The Riksbank kept its key interest rate unchanged at 4.00% on Feb. 1, but said it could start loosening policy much earlier than its previous forecast. The shift in policy reflects growing confidence among central bankers that inflation - which peaked in Sweden at over 10% at the end of 2022 - is now under control after a series of rate hikes. ....
Sweden's central bank on Thursday left its key interest rate unchanged for a second straight session, as expected, and suggested that a rate cut would be possible in the first half of the year. ....