Swedish Central Bank Anticipates Further Rate Cuts

The Swedish Central Bank, under the guidance of Deputy Governor Per Jansson, predicts two to three additional rate cuts this year, aiming to balance policy. The Riksbank recently reduced its key rate to 3.50% and plans further cuts, taking into account inflation outcomes and actions of other central banks.

The Swedish Central Bank is set to implement two to three more rate cuts this year, according to Deputy Governor Per Jansson. The bank's forecast aims to maintain a well-balanced policy.

"When we made our decision and communicated about 2-3 more cuts during the remainder of the year, I considered that well balanced, and that's how I see it now too," Jansson stated at a conference. The Riksbank slashed its key rate to 3.50% from 3.75% on Aug. 20, planning to ease policy further by year's end.

"Nothing huge has happened since then. We will have another inflation outcome ahead of our next meeting, which will be important, and we'll have to monitor what other central banks do," Jansson added.

(With inputs from agencies.)