- Swedish Riksbank Rate Actual 3.75% (Forecast 3.75%, Previous 4.00%)
The Riksbank reduced the policy rate by 0.25 percentage points to 3.75% as inflation nears the target amidst weak economic activity, allowing for a more lenient monetary policy. With inflation expectations stabilized and moderate wage increases supporting this outlook, further rate cuts are anticipated if conditions remain favorable, with two additional reductions expected in the latter half of the year. However, inflation's trajectory remains uncertain due to factors like the strong US economy, geopolitical tensions, and the krona's exchange rate, suggesting that future monetary policy adjustments should proceed cautiously.
BREAKING: US Labor Market Cools While Consumer Confidence Beats
Economic calendar: Markets await US Jolts and Conference Board data
BREAKING: Eurozone inflation CPI lower than expected
Weak retail sales data from Germany 📌Consumers under pressure?
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
