Sweden's Central Bank Announced Interest Rate Decision as Expected

Interest Rate Decision from the Swedish Central Bank

Riksbank continues to maintain the policy rate at 1.75 percent. This decision aligns with the forecasts of 21 economists who participated in a survey conducted by Bloomberg.

Inflation and Economic Outlook

Officials emphasized that as long as there is a positive outlook regarding inflation and economic activity, it is expected that the policy rate will remain at its current level.

Similarity with the European Central Bank

Officials from the Swedish Central Bank are adopting a strategy similar to that of the European Central Bank, which is battling declining growth and rising inflation.

2024 Growth Forecasts

According to the latest forecasts from the European Commission, the Swedish economy is expected to register growth above the European Union average for the first time since the pandemic, following three years of stagnation.