Sweden Cuts Key Interest Rate
The Swedish Central bank, the Riksbank, announced a cut in Sweden's key interest rate by 0.25 percent to 1.75 percent.
This decision aims to further support the economy's recovery and stabilize inflation. The bank expects the interest rate to remain at this level for some time.
The interest rate will remain at this level for some time.
For more information, tune into Radio Sweden's daily news podcast, Monday to Friday at 4:30 pm, and the weekly summary on Fridays at 4:30 pm on P2.
Author's summary: Sweden cuts key interest rate to 1.75 percent.