Sweden's Riksbank axes interest rate, predicts further cuts this year
Briefly

"Inflation has continued to fall and the prospects for inflation being in line with the target going forward are good. Long-term inflation expectations are signalling strong confidence in the target and wage increases are moderate," said the bank in a statement.
"If the inflation outlook remains the same, the policy rate can be cut two or three more times this year," it said. It had previously predicted one or two more rate cuts on top of the August cut.
"The outlook for inflation and economic activity is uncertain. There are risks linked, for instance, to the geopolitical situation, economic activity in Sweden and abroad, and the krona exchange rate that can lead to a different outcome for inflation and thereby a different monetary policy," it warned.
Read at www.thelocal.se
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