SEK Forex News
Sweden Central Bank Hints At Two More Rate Cuts This Year
Sweden's central bank lowered its policy rate for the first time in eight years and signaled another two more rate reductions during the second half of the year as inflation approaches the target of around 2 percent amid the weak economic activity. The executive board of the Riksbank, led by Governor Erik Thedeen, decided to lower the policy rate by 25 basis points to 3.75 percent.
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1 day ago
Sweden Central Bank Likely To Start Cutting Rates In May
Sweden's central bank indicated that it will cut the interest rate in May or June as the economy is expected to remain mired in recession, provided the inflation prospects remain favorable. The Executive Board of Riksbank decided to hold the policy rate at 4.00 percent on Wednesday, as expected. It is likely that the policy rate can be cut in May or June if inflation prospects remain favorable.
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43 days ago
Riksbank Says Rate Cut Possibility In H1 Cannot Be Ruled Out
Sweden's central bank on Thursday left its key interest rate unchanged for a second straight session, as expected, and suggested that a rate cut would be possible in the first half of the year. The Executive Board of the Sveriges Riksbank, led by Governor Erik Thedeen, left the key policy rate steady at 4.00 percent.
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98 days ago
Riksbank Pauses Rate Hikes Unexpectedly
Sweden's central bank unexpectedly paused its monetary policy tightening but expressed willingness to raise the interest rate further if the inflation outlook deteriorate. The executive board of Riksbank decided to leave the policy rate unchanged at 4.00 percent, confounding expectations for an increase of 25 basis points.
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168 days ago
Sweden's Riksbank Raises Rate As Expected; Signals Additional Hike
The Swedish central bank raised its key policy rate by a quarter point and hinted at further tightening as inflationary pressures remain too high amid unjustifiably weaker currency. The Executive Board of Riksbank, led by Governor Erik Thedeen, decided to raise the policy rate by 0.25 percentage points to 4.00 percent.
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231 days ago
Switzerland Central Bank Unexpectedly Holds Rate Steady At 1.75%
The Swiss National Bank unexpectedly left its benchmark rate unchanged on Thursday, as policymakers assessed that the significant tightening of policy over the past five consecutive meetings is countering inflationary pressure, though the bank left the door open for future hikes. The SNB Governing Board, chaired by Thomas Jordan, decided to hold the policy rate at 1.75 percent.
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231 days ago
Sweden's Riksbank Signals More Hikes After Raising Rates On Weaker Krona
Sweden's central bank raised the key interest rate by 25 basis points on Thursday, as signaled in the previous policy session, and guided that rates are likely to be raised at least one more time this year as inflation remains too high and, rising services prices and a weaker krona suggest price pressures are falling at a slower than expected pace.
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315 days ago
Riksbank Raises Key Rate; Signals 25 Bps Hike Ahead
Sweden's central bank hiked its benchmark interest rate by half a percentage point on Wednesday in a bid to bring inflation down to the target and also signaled another increase of a quarter-point in June or September. The executive board of the Riksbank decided to raise the policy rate by 0.5 percentage points to 3.50 percent.
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379 days ago
Sweden Inflation Slows On Electricity Prices
Sweden's consumer price inflation slowed slightly more than expected in January on electricity prices, official data revealed Monday. Consumer price inflation slowed to 11.7 percent in January from 12.3 percent in December, Statistics Sweden reported. This was slightly slower than economists' forecast of 11.8 percent.
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444 days ago
Sweden Central Bank Hikes Rate; Starts Bond Sales
Despite weak economic activity, Sweden's central bank raised its benchmark rate by half-percentage point to curb the weakness in currency and also decided to sell government bonds to reduce the asset holdings at a faster pace. At the first monetary policy meeting of Erik Thedéen as the governor of Riksbank, the Executive Board lifted the policy rate by 50 basis points to 3.00 percent
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455 days ago
