share
 

1st LD: Swedish central bank cuts interest rate by 25 basis points amid weak economy

0 Comment(s)Print E-mail Xinhua, May 8, 2024
Adjust font size:

STOCKHOLM, May 8 (Xinhua) -- Sweden's central bank on Wednesday announced a 25-basis point cut of its benchmark interest rate to 3.75 percent amid weak economic activity.

The new rate will be implemented from May 15.

The Riksbank's executive board said if the outlook for inflation still holds, the policy rate is expected to be cut two more times in the second half of the year.

The bank also said the outlook for inflation is uncertain, noting that risks of resurging inflation remained due to factors such as geopolitical tensions and the weak Swedish krona. Enditem

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter