Sweden's March inflation data is lower than expected, the Riksbank may cut interest rates
According to Jin10, Conotoxia market analyst Bartoz Savage said that Sweden’s inflation data in March were lower than expected, which may finalize the Swedish central bank’s decision to cut interest rates at the next monetary policy meeting in May. Inflation fell to 2.2% from 2.5% a year earlier, the lowest level in nearly three years, while underlying inflation excluding energy fell to 2.9% from 3.5%, the lowest level since January 2022. Savage pointed out that price pressures in Sweden are declining faster than expected, inflation expectations are stable, economic activity is weak, and household consumption is declining, which all indicate that the easing cycle is about to begin. "The Riksbank will therefore become the second G10 central bank to initiate a rate cut."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Secretary of the National Security and Defense Council of Ukraine and his team have departed for the United States.
Shanghai's fintech industry scale in 2024 is approximately 440.5 billions yuan.
A certain whale shorted 5,000 ETH with 5x leverage, worth approximately $15.02 million.
Froggie market cap is now $8.18 million, with a 24-hour increase of 37.09%.