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MNI BRIEF: Riksbank Cuts 25bps, Sees Two More In H2

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(MNI) Stockholm

Riksbank cuts policy rate 25 bps to 3.75% and said if things evolved as expected there would be two more cuts in H2

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The Riksbank delivered an expected 25 bps rate cut, taking the policy rate to 3.75%, saying if things unfolded as expected it anticipated two more rate cuts in the second half of the year.

In its March forecast the Swedish central bank's rate projection showed a rate cut in either May or June and its new guidance makes clear that having delivered the May cut that it will stay on hold In June and is likely to proceed with gradual cuts after that.

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The Riksbank delivered an expected 25 bps rate cut, taking the policy rate to 3.75%, saying if things unfolded as expected it anticipated two more rate cuts in the second half of the year.

In its March forecast the Swedish central bank's rate projection showed a rate cut in either May or June and its new guidance makes clear that having delivered the May cut that it will stay on hold In June and is likely to proceed with gradual cuts after that.

Keep reading...Show less