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Sweden’s Riksbank Says Repo Rate Cut Can Come ‘at Any Time’

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Sweden’s central bank said it doesn’t need to hold a scheduled meeting before announcing a rate cut, signaling that efforts to predict policy steps based on the bank’s calendar are pointless.

The Riksbank “has the possibility to make monetary policy decisions at any point in time,” Tomas Lundberg, a spokesman for the Stockholm-based bank, said in an e-mailed response to questions on Tuesday. Such a step “doesn’t have to take place at a pre-announced executive board meeting or a monetary policy meeting.”