SEK Forex News

Sweden Central Bank Cuts Interest Rate; Signals More Easing

Sweden Central Bank Cuts Interest Rate; Signals More Easing

Sweden's central bank reduced its benchmark rate by a quarter point on Wednesday and hinted at two more cuts this year as policymakers focus more on economic activity. The executive board reduced the policy rate by 25 basis points to 3.25 percent. This was the third reduction this year. The bank said the policy rate may also be cut at the two remaining policy meetings this year.
RTTNews | 21 days ago
Riksbank Cuts Policy Rate By 25 Bps, Signals More Reductions Ahead

Riksbank Cuts Policy Rate By 25 Bps, Signals More Reductions Ahead

Sweden's central bank lowered its key policy rate by a quarter-point as inflation continued to ease amid weakening growth prospects, and signaled as much as three more interest reductions this year. The Executive Board of Riksbank decided to cut the policy rate by 25 basis points to 3.50 percent. Previously, the bank had lowered its policy rate in May, which was the first cut since February 2016.
RTTNews | 57 days ago
Sweden Central Bank Signals 2-3 Rate Cuts This Year

Sweden Central Bank Signals 2-3 Rate Cuts This Year

Sweden's central bank maintained its benchmark rate unchanged on Thursday and signalled that the rate will be cut two or three times this year. The Executive Board of Riksbank decided to leave the policy rate unchanged at 3.75 percent as new information indicates that inflationary pressures are largely as expected.
RTTNews | 111 days ago
Sweden Central Bank Hints At Two More Rate Cuts This Year

Sweden Central Bank Hints At Two More Rate Cuts This Year

Sweden's central bank lowered its policy rate for the first time in eight years and signaled another two more rate reductions during the second half of the year as inflation approaches the target of around 2 percent amid the weak economic activity. The executive board of the Riksbank, led by Governor Erik Thedeen, decided to lower the policy rate by 25 basis points to 3.75 percent.
RTTNews | 161 days ago
Sweden Central Bank Likely To Start Cutting Rates In May

Sweden Central Bank Likely To Start Cutting Rates In May

Sweden's central bank indicated that it will cut the interest rate in May or June as the economy is expected to remain mired in recession, provided the inflation prospects remain favorable. The Executive Board of Riksbank decided to hold the policy rate at 4.00 percent on Wednesday, as expected. It is likely that the policy rate can be cut in May or June if inflation prospects remain favorable.
RTTNews | 203 days ago
Riksbank Says Rate Cut Possibility In H1 Cannot Be Ruled Out

Riksbank Says Rate Cut Possibility In H1 Cannot Be Ruled Out

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. The Executive Board of the Sveriges Riksbank, led by Governor Erik Thedeen, left the key policy rate steady at 4.00 percent.
RTTNews | 258 days ago
Riksbank Pauses Rate Hikes Unexpectedly

Riksbank Pauses Rate Hikes Unexpectedly

Sweden's central bank unexpectedly paused its monetary policy tightening but expressed willingness to raise the interest rate further if the inflation outlook deteriorate. The executive board of Riksbank decided to leave the policy rate unchanged at 4.00 percent, confounding expectations for an increase of 25 basis points.
RTTNews | 328 days ago
Sweden's Riksbank Raises Rate As Expected; Signals Additional Hike

Sweden's Riksbank Raises Rate As Expected; Signals Additional Hike

The Swedish central bank raised its key policy rate by a quarter point and hinted at further tightening as inflationary pressures remain too high amid unjustifiably weaker currency. The Executive Board of Riksbank, led by Governor Erik Thedeen, decided to raise the policy rate by 0.25 percentage points to 4.00 percent.
RTTNews | 391 days ago
Switzerland Central Bank Unexpectedly Holds Rate Steady At 1.75%

Switzerland Central Bank Unexpectedly Holds Rate Steady At 1.75%

The Swiss National Bank unexpectedly left its benchmark rate unchanged on Thursday, as policymakers assessed that the significant tightening of policy over the past five consecutive meetings is countering inflationary pressure, though the bank left the door open for future hikes. The SNB Governing Board, chaired by Thomas Jordan, decided to hold the policy rate at 1.75 percent.
RTTNews | 391 days ago
Sweden's Riksbank Signals More Hikes After Raising Rates On Weaker Krona

Sweden's Riksbank Signals More Hikes After Raising Rates On Weaker Krona

Sweden's central bank raised the key interest rate by 25 basis points on Thursday, as signaled in the previous policy session, and guided that rates are likely to be raised at least one more time this year as inflation remains too high and, rising services prices and a weaker krona suggest price pressures are falling at a slower than expected pace.
RTTNews | 475 days ago