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."
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