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RIKSBANK: Dovish Tilt In Guidance, But In Line With Expectations

RIKSBANK

Riksbank cuts rates by 25bps to 3.50% as unanimously expected. 

Highlights from the policy statement:

  • Riksbank opens the door to cuts at each of the three remaining meetings this year (as we had expected): “If the inflation outlook remains the same, the policy rate can be cut two or three more times this year”
  • “Various indicators, such as producer prices and company pricing plans, have continued to imply that inflationary pressures are compatible with the target”.
  • “The growth outlook in Sweden and abroad is somewhat weaker than in the most recently published forecast”. 

Link here: https://www.riksbank.se/en-gb/press-and-published/notices-and-press-releases/press-releases/2024/policy-rate-cut-by-0.25-percentage-points-to-3.5-per-cent/
 

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