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.
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A tragic hunting accident in Iowa resulted in the death of 17-year-old Carson Ryan, who was mistakenly identified as a squirrel by a member of his hun...
According to the Gaza Health Ministry, the death toll in Gaza has now reached 67,139 amid continuing Israeli airstrikes and military operations. In th...
Rescue operations are underway on Mount Everest's eastern Tibetan slope after a powerful blizzard trapped nearly 1,000 trekkers in high-altitude camps...
Typhoon Matmo intensified as it approached southern China, prompting authorities to evacuate approximately 347,000 residents across Guangdong and Hainan provinces.
A devastating building collapse at the Al Khoziny Islamic boarding school in Sidoarjo, East Java, Indonesia, has resulted in at least 40 confirmed deaths, with 23 students still missing under the rubble.
A tragic hunting accident in Iowa resulted in the death of 17-year-old Carson Ryan, who was mistakenly identified as a squirrel by a member of his hunting party and fatally shot in the back of the head.
According to the Gaza Health Ministry, the death toll in Gaza has now reached 67,139 amid continuing Israeli airstrikes and military operations. In the past 24 hours alone, officials said 65 bodies were brought to hospitals and 153 people were wounded.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A powerful 7.4-magnitude earthquake struck off Russia’s Kamchatka Peninsula on 13 September with no tsunami threat, coming just weeks after the region endured a devastating 8.8-magnitude quake — the strongest since 1952.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
The currency swap agreement signed between the central banks of Türkiye and the United Arab Emirates (UAE) is set to strengthen Türkiye’s digital banking sector and attract fresh investment from the Gulf.
Shein is opening its first permanent physical stores in France, starting in Paris and expanding to five more cities. The fast-fashion giant aims to test brick-and-mortar retail in one of the world’s most influential fashion markets.
Tesla sales hit a record 497,099 vehicles in Q3 as buyers rushed before the U.S. tax credit expired according to reports. Despite the surge, experts warn the gains may not last amid rising competition.
American soybean farmers are struggling as China, once their largest buyer, shifts purchases to Argentina amid trade tensions and export incentives.
U.S.-based aviation company Boeing is preparing to produce a new narrow-body, single-aisle aircraft to replace its 737 Max model, sources report.
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