Macroeconomics

Swedish Central Bank Cuts Policy Rate, Cautious on Easing in 2025

December 19, 2024, 04.30 PM | Source: Reuters

ILUSTRASI. New Swedish Krona banknotes are seen in this picture taken September 14, 2015. REUTERS/Fredrik Sandberg/TT News Agency/File Photo ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. IT IS DISTRIBUTED EXACTLY AS RECEIVED BY REUTERS, AS A SERVICE TO CLIENTS. FOR EDITORIAL USE ONLY. NOT FOR SALE FOR MARKETING OR ADVERTISING CAMPAIGNS. SWEDEN OUT. NO COMMERCIAL OR EDITORIAL SALES IN SWEDEN. FOR EDITORIAL USE ONLY. NOT FOR SALE FOR MARKETING OR ADVERTISING CAMPAIGNS

SWEDIA - STOCKHOLM. Sweden's central bank cut its key interest rate by a quarter percentage point to 2.50% as expected on Thursday, but said it now saw reasons to be more cautious about cutting rates in early 2025.

Sweden's economy has been treading water for the last two years after the Riksbank jacked up rates to fight surging inflation - which peaked at around 10% in late 2022.

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