By Abigail Townsend
Date: Wednesday 08 May 2024
(Sharecast News) - Sweden's central bank trimmed interest rates on Wednesday, for the first time since 2016.
In an unanimous decision, Riksbank reduced the cost of borrowing by 0.25 percentage points to 3.75%, arguing that while inflation was approaching target, economic activity was weak.
It also flagged further possible cuts,...
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