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Sweden s Riksbank Takes First Step Toward Interest Rate Cuts

Sweden s Riksbank Takes First Step Toward Interest Rate Cuts
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Swedish June inflation above forecast, more interest rate hikes seen

Swedish June inflation above forecast, more interest rate hikes seen
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Swedish inflation dips more than expected in April, easing cbank worries

STOCKHOLM (Reuters) - Inflation in Sweden slowed faster than expected in April, data from the statistics office showed on Monday, good news for the central bank that has fretted that price pressure could prove sticky and force it to make monetary policy tighter for longer. | 03:14am

Sweden s Riksbank raises rate to 3 50%, says nearly done with hikes

Sweden's central bank raised its policy rate by half a percentage point to 3.50% in line with market forecasts on Wednesday and said it was nearly done with policy tightening.

DIARY-Top Economic Events to April 28

FRIDAY, FEBRUARY 24 TOKYO - The Bank of Japan's incoming Governor Kazuo Ueda will appear at a confirmation hearing at the lower house of parliament, which will be the first official event shedding light on his views on the economy and monetary policy outlook - 0030 GMT. LONDON - Bank of England MPC's Silvana Tenreyro speaks on inflation targeting at a conference organised by the Federal Reserve Bank of New York - 1630 GMT.

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