Categories: World News

UPDATE 1-Swedish central bank done with easing after cut, minutes of meeting show

(Adds Riksbank Governor Thedeen comment in paragraphs 3-4) STOCKHOLM, Sept 29 (Reuters) – An easing cycle in Sweden that has seen eight rate cuts since spring last year,…

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Published by NewsX Syndication
Published: September 29, 2025 13:26:03 IST

(Adds Riksbank Governor Thedeen comment in paragraphs 3-4) STOCKHOLM, Sept 29 (Reuters) – An easing cycle in Sweden that has seen eight rate cuts since spring last year, including a quarter point cut last week, is probably over, minutes of the Riksbank's most recent monetary policy meeting showed on Monday. The Riksbank cut its policy rate to 1.75% from 2.00% on September 23 arguing underlying inflation was heading toward the 2.0% target – and probably lower – leaving room for rate-setters to give a sluggish economy a final boost. "Even though some risks remain, the arguments in favour of lowering the interest rate and thereby providing further stimulus to demand in the economy outweigh the counterarguments," Riksbank Governor Erik Thedeen said. "As I now judge the situation, this will probably be the last cut in this interest rate cycle." (Reporting by Simon Johnson, Niklas Pollard, Johan Ahlander and Anna Ringstrom in Stockholm, Terje Solsvik in Oslo; Editing by Niklas Pollard and Terje Solsvik)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Published by NewsX Syndication
Published: September 29, 2025 13:26:03 IST

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