Sweden lowered its interest rate due to economic slowdown and heightened sensitivity to interest rate hikes, ranking poorly in growth, with increased unemployment and bankruptcies compared to other countries.
Households in Sweden are more sensitive to high interest rates due to high debt and short-term loans, making lowering the rate necessary despite higher inflation than Denmark and Finland.
While Sweden's economy maintains a strong foundation, lowering interest rates while remaining cautious is seen as the appropriate approach according to SEB head economist Robert Bergqvist.
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