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.
Russia’s investment envoy Kirill Dmitriev said on Saturday that certain countries would make “titanic efforts” to derail the meeting between U.S...
U.S. President Donald Trump has invited newly inaugurated Polish President Karol Nawrocki to the White House for an official working meeting on 3 Sept...
Thousands gathered in Nagasaki on Saturday to commemorate the 80th anniversary of the city’s atomic bombing, with Mayor Shiro Suzuki warning that on...
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 9th of August, covering the latest developments you need to kn...
Ukrainian President Volodymyr Zelenskyy on Saturday reaffirmed that Ukraine would not cede any of its territory, stressing that “Ukrainians will not...
Russia’s investment envoy Kirill Dmitriev said on Saturday that certain countries would make “titanic efforts” to derail the meeting between U.S. President Donald Trump and Russian President Vladimir Putin, scheduled for 15 August.
Thousands gathered in Nagasaki on Saturday to commemorate the 80th anniversary of the city’s atomic bombing, with Mayor Shiro Suzuki warning that ongoing global conflicts risk bringing the world to the brink of nuclear war.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 9th of August, covering the latest developments you need to know.
Ukrainian President Volodymyr Zelenskyy on Saturday reaffirmed that Ukraine would not cede any of its territory, stressing that “Ukrainians will not give their land to occupiers”.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
Chinese automaker Chery has denied an industry-ministry audit that disqualified more than $53 million in state incentives for thousands of its electric and hybrid vehicles, insisting it followed official guidance and committed no fraud.
De-dollarisation, the move away from the U.S. dollar in global trade and finance, is no longer a fringe idea. As geopolitical tensions rise and new financial tools emerge, could this shift really transform the global economy?
Kuwait says oil prices will likely stay below $72 per barrel as OPEC monitors global supply trends and U.S. policy signals. The remarks come during market uncertainty fueled by new U.S. tariffs on India and possible sanctions on Russia.
U.S. stock markets closed higher on Wednesday, with the Nasdaq leading gains after tech giants – particularly Apple – saw strong advances.
Global financial markets are trading mixed today amid U.S. President Donald Trump’s announcement of tariffs on drug and semiconductor imports, coupled with weak service sector data impacting investor risk appetite.
Tesla has granted Elon Musk a $29 billion share award as part of a new compensation plan to retain him as CEO while the company shifts focus from electric cars to robotaxis and AI. The move revives elements of a controversial 2018 package previously struck down by a Delaware court.
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