Source: ABC News
“Sweden’s central bank on Thursday cut its key interest rate by half a percentage point to 2.75% in what was described as the largest reduction over a decade. Riksbanken said the cut, the fourth this year, was ‘to provide further support to the economy and help inflation stabilize at the target.’ … Inflation in Sweden in October was of 1.6%, according to Statistics Sweden. It was below the central bank’s 2% target. The seasonally adjusted unemployment rate was 8.5% of the work force during the third quarter of 2024.” (11/07/24)