Central Banks
Sweden’s Riksbank Steps Up Easing With Half-Point Rate Cut
- Easing move to 2.75% is biggest by central bank in a decade
- Riksbank Governor says Trump tariffs could fuel inflation
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Sweden’s Riksbank cut borrowing costs by a half point for the first time in a decade, accelerating aid for a stagnant economy with the promise of more to come.
The central bank in Stockholm reduced its benchmark interest rate to 2.75%, and said that while uncertainty is larger than usual following the US election, further moves lower in December and in the first half of next year are possible. All but three of 21 economists surveyed by Bloomberg correctly predicted the magnitude of the cut.