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.
U.S. President Donald Trump will extend the deadline for TikTok's U.S. divestment for a third time, giving 90 more days to finalize a sale, the White House confirmed.
U.S. President Donald Trump said he told Israeli Prime Minister Benjamin Netanyahu to "keep going," but did not indicate the United States would provide Israel with any additional support beyond what has already been supplied.
U.S. President Donald Trump is warning that the 25% tariffs on British steel imports may remain unless the UK provides specific assurances about the Indian-owned Tata Steel plant at Port Talbot, amid ongoing trade negotiations following a partial G7 agreement.
South Korea, the U.S., and Japan held their first joint air drills since President Lee Jae Myung took office, signalling security cooperation even as Seoul seeks renewed dialogue with North Korea.
Wealth surged in the United States last year with more than 379,000 people becoming new dollar millionaires, that's more than a 1,000 people a day, according to the latest report from UBS Wealth Management.
U.S. President Donald Trump will extend the deadline for TikTok's U.S. divestment for a third time, giving 90 more days to finalize a sale, the White House confirmed.
U.S. President Donald Trump said he told Israeli Prime Minister Benjamin Netanyahu to "keep going," but did not indicate the United States would provide Israel with any additional support beyond what has already been supplied.
U.S. President Donald Trump is warning that the 25% tariffs on British steel imports may remain unless the UK provides specific assurances about the Indian-owned Tata Steel plant at Port Talbot, amid ongoing trade negotiations following a partial G7 agreement.
South Korea, the U.S., and Japan held their first joint air drills since President Lee Jae Myung took office, signalling security cooperation even as Seoul seeks renewed dialogue with North Korea.
Wealth surged in the United States last year with more than 379,000 people becoming new dollar millionaires, that's more than a 1,000 people a day, according to the latest report from UBS Wealth Management.
Peace is no longer a dream. It is a discussion. On the streets of Baku and Yerevan, it is also a question, of trust, of foreign interests, and of who truly wants it.
Israeli strikes have reportedly targeted areas near the residences of Iran’s Supreme Leader Ayatollah Ali Khamenei and President Masoud Pezeshkian, according to the New York Times, citing local witnesses.
Azerbaijan Airlines (AZAL) has cancelled certain flights scheduled for 13th and 14th June amid recent escalation of situation in the Middle East and the closure of airspace in several countries for security reasons.
Start your day informed with AnewZ Morning Brief: here are the top news stories for June 17th, covering the latest developments you need to know.
The Israeli military has issued an evacuation advisory for Iranian civilians living near weapons production sites and associated infrastructure within Iran. The message was shared on the social media platform X in both Arabic and Farsi by an official military spokesperson.
The United Nations Conference on Trade and Development agency (UNCTAD) faces deep staffing cuts amid a global funding crisis, raising concerns about its ability to support developing nations navigating economic shocks like U.S. tariffs.
U.S. President Donald Trump is warning that the 25% tariffs on British steel imports may remain unless the UK provides specific assurances about the Indian-owned Tata Steel plant at Port Talbot, amid ongoing trade negotiations following a partial G7 agreement.
Wealth surged in the United States last year with more than 379,000 people becoming new dollar millionaires, that's more than a 1,000 people a day, according to the latest report from UBS Wealth Management.
The UK has intensified economic pressure on Russia by announcing a new wave of sanctions. Prime Minister Keir Starmer announced 30 new measures which target key areas of Russia’s financial, military, and energy sectors, in response to President Volodymyr Putin’s ongoing war in Ukraine.
Los Angeles businesses report significant losses as immigration raids prompt many workers and customers to stay home, raising concerns over broader economic effects.
U.S. President Donald Trump will extend the deadline for TikTok's U.S. divestment for a third time, giving 90 more days to finalize a sale, the White House confirmed.
U.S. President Donald Trump said he told Israeli Prime Minister Benjamin Netanyahu to "keep going," but did not indicate the United States would provide Israel with any additional support beyond what has already been supplied.
U.S. President Donald Trump is warning that the 25% tariffs on British steel imports may remain unless the UK provides specific assurances about the Indian-owned Tata Steel plant at Port Talbot, amid ongoing trade negotiations following a partial G7 agreement.
South Korea, the U.S., and Japan held their first joint air drills since President Lee Jae Myung took office, signalling security cooperation even as Seoul seeks renewed dialogue with North Korea.
Wealth surged in the United States last year with more than 379,000 people becoming new dollar millionaires, that's more than a 1,000 people a day, according to the latest report from UBS Wealth Management.
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