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.
Qarabağ FK is facing Ajax in a key Champions League league phase match at the Tofiq Bəhramov Stadium in Baku....
Uzbekistan will introduce a nationwide system to assess the resilience of officials and civil service candidates to corruption risks from 2026, accord...
President of the Republic of Azerbaijan Ilham Aliyev has thanked U.S. President Donald Trump. In his letter, the head of state expressed deep gratitud...
Hungary’s move to secure guaranteed Russian gas transit through Türkiye has stabilised a key supply corridor, but the country’s continued relianc...
Ukraine faces a narrowing diplomatic space as pressure builds around U.S. backed peace proposals, warning that the structure of the conflict may leave...
Qarabağ FK is facing Ajax in a key Champions League league phase match at the Tofiq Bəhramov Stadium in Baku.
Uzbekistan will introduce a nationwide system to assess the resilience of officials and civil service candidates to corruption risks from 2026, according to a presidential decree adopted this week.
Military coups have reappeared across West Africa and the Sahel. Recent events in Guinea-Bissau and coup attempt in Benin add to a growing list of abrupt power shifts over the past five years.
Hate speech targeting Muslims and Christians in India surged by 74% in 2024, driven by election-season rhetoric and unrest in neighboring Bangladesh, according to a new report from the India Hate Lab, a Washington-based research organization.
Scores of demonstrators gathered outside the Norwegian Nobel Institute in Oslo Tuesday (9 December) to protest against the awarding of this year’s Nobel Peace Prize to Venezuelan opposition leader Maria Corina Machado.
Pressure is mounting between Venezuela and the United States as both nations emphasise military preparedness and strategic positioning.
Iran and Saudi Arabia reiterated their commitment to enhance ties following a joint meeting with China in Tehran on Tuesday to follow up on implementation of the 2023 Beijing Agreement which resulted in resumption of their diplomatic relations after eight years.
Tanzania's government warned on Monday that protests scheduled for Tuesday would be illegal and amounted to an attempted coup, as security forces were heavily deployed in major cities.
The world’s leading minds and voices will be honoured on Wednesday, 10 December, the anniversary of Alfred Nobel’s death, as Nobel Prizes are presented in Stockholm and Oslo.
China has carried out a major test of a new “super wireless” rail convoy, a technology that could reshape the future of heavy-haul transport.
Paramount Skydance (PSKY.O) has launched a $108.4 billion hostile takeover bid for Warner Bros Discovery (WBD.O). The escalation follows a high-stakes battle that had appeared to end last week when Netflix secured a $72 billion deal for the studio giant’s assets.
U.S. industrial production rose by 0.1% in September, rebounding after a decline in August, while capacity utilisation remained unchanged, according to Federal Reserve data on Wednesday.
Google’s YouTube has announced a “disappointing update” for millions of Australian users and creators, confirming it will comply with the country’s world-first ban on social media access for under-16s by locking affected users out of their accounts within days.
President of Turkmenistan Serdar Berdimuhamedow has signed the “On Virtual Assets” law, which will officially legalise cryptocurrency mining and exchange activities in the country from 1 January 2026.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment