Central Banks
Riksbank Sees Scope for More Cuts as Demand Remains Weak
- Governor says tepid economy, low inflation favors faster cuts
- Nordea now expects a bigger, half-point cut from the Riksbank
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Sweden’s central bank could consider a faster pace of interest-rate cuts to spur an economic recovery if inflation remains low, minutes from its latest monetary policy meeting indicated.
The central bank last week decided to lower its benchmark rate to 3.25% from 3.5%, a third reduction since starting easing in May.