Swedish c.bank seen cutting rates this week, more to come by year end: 

Sweden’s central bank is expected to cut its policy rate by a quarter percentage point to 3.50% on Aug. 20 and then twice more before the end of the year as inflation pressures continue to ease, a poll of analysts by Reuters showed on Monday.

All 16 analysts in the poll saw a quarter point cut on Tuesday with the policy rate expected to end the year at 3.00% before falling further in early 2025.

“Swedish inflation and activity data have been weaker than policymakers expected,” Adrian Prettejohn, Europe Economist at Capital Economics said. “We think this will encourage them to cut the key policy rate from 3.75% to 3.50% … and to indicate at least a further 50 basis points of cuts over the remainder of the year.”

Source: REUTER