Sweden cuts its key rate by 0.5 percentage points to 2.75%, the largest reduction in over a decade
1 month, 2 weeks ago

Sweden cuts its key rate by 0.5 percentage points to 2.75%, the largest reduction in over a decade

Associated Press  

STOCKHOLM — 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.” It added that “if the outlook for economic activity and inflation remains the same,” the policy rate may also be cut in December, and during the first half of 2025. The monetary policy was gradually eased over the course of the year, as inflation declined and economic activity remained weak, the central bank said in a statement. The Norges Bank said that in recent years, the policy rate has been raised significantly to bring down inflation, with the rate held at 4.5% since December 2023.

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History of this topic

Czech central bank cuts key interest rate to 4% as inflation stays low
1 month, 2 weeks ago

Czech central bank cuts key interest rate to 4% as inflation stays low

Associated Press  

PRAGUE — The Czech Republic’s central bank on Thursday cut its key interest rate for the eighth time in a row as inflation remains low and as the economy is making a slow recovery. The cut, which had been predicted by analysts, brought the interest rate down by a quarter of a percentage point to 4%. The European Central Bank, …

Sweden cuts its key rate by 0.5 percentage points to 2.75%, the largest reduction in over a decade
1 month, 2 weeks ago

Sweden cuts its key rate by 0.5 percentage points to 2.75%, the largest reduction in over a decade

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Sweden’s central bank on Thursday …

Czech central bank cuts its key interest rate to 4.25%
2 months, 4 weeks ago

Czech central bank cuts its key interest rate to 4.25%

Associated Press  

PRAGUE — The Czech Republic’s central bank on Wednesday cut its key interest rate for the seventh time in a row as inflation remains low and amid the economy’s slow recovery. The cut, which had been predicted by analysts, brought the interest rate down by a quarter of a percentage point to 4.25%. The European Central Bank cut its key …

European Central Bank leaves key interest rate at 3.75%, waits for signs inflation is under control
5 months ago

European Central Bank leaves key interest rate at 3.75%, waits for signs inflation is under control

Associated Press  

FRANKFURT, Germany — The European Central Bank left its key interest rate benchmark unchanged Thursday as its rate-setting council and President Christine Lagarde take their time to make sure stubborn inflation is firmly under control before lowering rates again. She added that “obviously, given the size of the US financial markets in particular, the developments taking place in the United …

Financial markets are jonesing for interest rate cuts. Not so fast, says the European Central Bank
10 months, 4 weeks ago

Financial markets are jonesing for interest rate cuts. Not so fast, says the European Central Bank

Associated Press  

FRANKFURT, Germany — European Central Bank President Christine Lagarde pushed back Thursday against market expectations for quick interest rate cuts even as Europe’s economy sputters and financial markets froth in hopes of cheaper credit that would boost business activity and stock prices. was that it was premature to discuss rate cuts.” Financial markets have been expecting a cut as early …

The Czech central bank cuts key interest rate for the first time since June 2022 to help economy
1 year ago

The Czech central bank cuts key interest rate for the first time since June 2022 to help economy

Associated Press  

PRAGUE — The Czech Republic’s central bank cut its key interest rate Thursday hoping to give the country’s struggling economy a boost. Last year the bank raised its key interest rate as it tried to combat soaring inflation. Elsewhere, the European Central Bank kept its key interest rate at a record high of 4% last week on Thursday and said …

European Central Bank keeps its key interest rate at a record high. Now, when will it cut?
1 year ago

European Central Bank keeps its key interest rate at a record high. Now, when will it cut?

Associated Press  

FRANKFURT, Germany — The European Central Bank kept its key interest rate at a record high Thursday and said it will leave it there as long as needed to battle back inflation, signaling that cuts are not around the corner despite expectations it will act next year to support the shrinking economy. Lagarde also stressed that future decisions will ensure …

Sweden’s central bank hikes key interest rate, saying inflation is still too high
1 year, 3 months ago

Sweden’s central bank hikes key interest rate, saying inflation is still too high

Associated Press  

STOCKHOLM — Sweden’s central bank raised its key interest rate Thursday, saying that “inflationary pressures in the Swedish economy are still too high,” although there were signs that inflation had begun to fall. But the bank added that “inflation pressures are still too high,” noting that service prices are still rising rapidly and Sweden’s currency, the krona, is “unjustifiably weak.” …

Norway raises key interest rate to fight inflation and expects further hikes ahead
1 year, 6 months ago

Norway raises key interest rate to fight inflation and expects further hikes ahead

Associated Press  

COPENHAGEN, Denmark — Norway’s central bank said Thursday that it has raised its key interest rate by half a percentage point in an effort to “bring inflation down to target.” Norges Bank said higher wage growth and a weaker-than-projected krone will raise inflation and that “international interest rates have risen more than anticipated.” The Scandinavian country, which is not part …

Norway central bank raises key rate to fight inflation
2 years ago

Norway central bank raises key rate to fight inflation

Associated Press  

COPENHAGEN, Denmark — Norway’s central bank Thursday raised its key interest rate by a quarter-percentage point, saying the move was “still needed to dampen inflation.” Norges Bank said inflation — which reached 6.5% in November — has “risen rapidly” and “is markedly above target.” The hike, which brought its key policy rate to 2.75%, was a slower pace than the …

Sweden’s big interest rate hike follows other central banks
2 years, 1 month ago

Sweden’s big interest rate hike follows other central banks

Associated Press  

STOCKHOLM — Sweden’s central bank followed other central banks in undertaking a big increase to its key interest rate to combat inflation, saying Thursday that high prices are undermining people’s purchasing power and making it tough for households and companies to plan their finances. Riksbanken said the hike of three-quarters of a percentage point pushes the key rate to 2.5% …

Central banks worldwide tighten policies to cool inflation
2 years, 3 months ago

Central banks worldwide tighten policies to cool inflation

Associated Press  

The U.S. Federal Reserve has been the most aggressive in using interest rate hikes to cool inflation that is battering both households and businesses this year. Following are actions taken Thursday, and also earlier this week, by central banks globally: Turkey: The Central Bank of the Republic of Turkey lowered the benchmark rate by 1 percentage point, to 12%. United …

Norway central bank raises key rate to fight inflation
2 years, 3 months ago

Norway central bank raises key rate to fight inflation

Associated Press  

COPENHAGEN, Denmark — Norway’s central bank on Thursday raised its key policy interest rate by a quarter-percentage point to 2.25%, as other banks around the world also move to bring down inflation. Norges Bank said inflation — which reached 6.5% in August — “has risen rapidly over the past months and has been far higher than projected.” “Inflation is markedly …

Sweden’s central bank hikes key interest rate by full point
2 years, 3 months ago

Sweden’s central bank hikes key interest rate by full point

Associated Press  

COPENHAGEN, Denmark — Sweden’s central bank on Tuesday raised its key interest rate by a full percentage point to combat the highest inflation in more than 30 years, the first of a series of large hikes expected from central banks worldwide this week. Riksbanken said inflation has risen rapidly — to 9% in August, the highest level since 1991 — …

Sweden’s central bank raises interest rate to hit inflation
2 years, 7 months ago

Sweden’s central bank raises interest rate to hit inflation

Associated Press  

STOCKHOLM — Sweden’s central bank on Thursday raised a key interest rate from zero to 0.25%, citing the highest inflation level since the 1990s. “Since the turn of the year, inflation excluding energy has also risen rapidly and has been significantly higher than the Riksbank’s forecast in February,” the central bank said in a statement. “The outcomes indicate that the …

Norway’s central bank raises key policy interest rate
3 years ago

Norway’s central bank raises key policy interest rate

Associated Press  

COPENHAGEN, Denmark — Norway’s central bank announced Thursday that it raised its key policy interest rate from 0.25% to 0.5%, citing the upswing in the economy that it said was likely to continue. But if economic developments evolve broadly in line with the projections, the policy rate will most likely be raised in March,” Norges Bank Governor Oeystein Olsen said …

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