Sweden’s central bank lowered its key interest rate to 2.00% on Wednesday, citing mild inflation and weaker-than-expected economic growth.
"The economic recovery that began last year has lost momentum, and inflation is expected to be somewhat lower than in the previous forecast," the central bank said in its statement, signaling room for further policy easing.
This is the second rate cut of the year, following February’s reduction, which the bank initially signaled might conclude its easing cycle. However, softer inflation data and growing concerns over global economic uncertainty—exacerbated by U.S. President Donald Trump's inconsistent tariff policies—have weighed heavily on consumer and business sentiment.
The Riksbank added that its current policy rate forecast “entails some probability of another cut this year” if inflation stays muted.
In May, the bank left rates unchanged but hinted that additional stimulus could be warranted. Recent figures confirmed only mild price pressures, aligning with analyst expectations. A majority of economists polled by Reuters had predicted the latest rate cut.
Kremlin aide Yuri Ushakov has confirmed that the proposed peace plan was not discussed during recent talks in Abu Dhabi. Despite speculation surroundi...
A fire engulfed a residential building in Hong Kong's northern Tai Po district on Wednesday afternoon, with thick grey smoke billowing from the scene....
British finance minister Rachel Reeves is likely to announce tens of billions of pounds of new tax increases on Wednesday in a budget that puts her cr...
Russian President Vladimir Putin was welcomed in Bishkek on Wednesday as he began a three-day state visit to Kyrgyzstan ahead of a Collective Security...
Two 15-year-olds have asked Australia’s High Court to strike down a forthcoming ban on social media use by under-16s, arguing the law breaches the c...
Kremlin aide Yuri Ushakov has confirmed that the proposed peace plan was not discussed during recent talks in Abu Dhabi. Despite speculation surrounding the meeting, Ushakov clarified that the key topic of peace negotiations was not on the agenda.
A fire engulfed a residential building in Hong Kong's northern Tai Po district on Wednesday afternoon, with thick grey smoke billowing from the scene.
Russian President Vladimir Putin was welcomed in Bishkek on Wednesday as he began a three-day state visit to Kyrgyzstan ahead of a Collective Security Treaty Organisation summit.
Two 15-year-olds have asked Australia’s High Court to strike down a forthcoming ban on social media use by under-16s, arguing the law breaches the country’s implied freedom of political communication ahead of its 10 December start.
The Hayli Gubbi volcano in north-eastern Ethiopia erupted on Sunday for the first time in over 12,000 years, before halting on Monday, according to the Toulouse Volcanic Ash Advisory Center.
Venezuela says it has deployed a range of weapons, including decades-old Russian-made equipment, and plans to mount guerrilla-style resistance in the event of an air or ground assault particularly from the U.S.
U.S. President Donald Trump has told his advisers that he plans to speak directly with Venezuelan President Nicolas Maduro according to Axios, as Washington designated him as the head of a terrorist organisation on Monday. A claim Maduro denies.
Chinese President Xi Jinping has once again expressed strong support for Venezuelan President Nicolás Maduro, condemning foreign interference and criticising U.S. actions in the region.
The United States is preparing to launch a new phase of Venezuela-related operations in the coming days, four U.S. officials told Reuters, as the Trump administration escalates pressure on President Nicolas Maduro.
European Union ministers will urge senior U.S. trade officials to implement more elements of the July EU–U.S. trade deal on Monday, including cutting tariffs on EU steel and lifting duties on goods such as wine and spirits.
Google has announced a major update for its Pixel 10 series: owners can now send and receive files with Apple devices using AirDrop, without any collaboration from Apple. The new functionality applies to iPhones, iPads, and macOS devices, though for now it is limited to the Pixel 10 line.
European shares climbed on Thursday, as a relief rally swept through global markets after artificial intelligence (AI) bellwether Nvidia reported strong earnings, while investors awaited the release of delayed U.S. jobs data.
Mainland China and Hong Kong equities slipped on Tuesday, Reuters reported, as investors grew cautious ahead of delayed U.S. economic data expected to clarify the Federal Reserve’s policy outlook.
A federal jury in California ruled on Friday that Apple must pay $634 million to Masimo, a medical-monitoring technology company, for infringing a patent related to blood-oxygen reading technology.
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