In the News

Riksbank Suspense Mounts Over Possible Rate Cut: Decision Guide

Bloomberg, May 7

The Riksbank will either cut borrowing costs this week to aid the economy or else shirk from a move to avoid weakening the krona, in one of its most suspenseful decisions in years. A quarter-point reduction of the benchmark interest rate to 3.75%, as predicted by two thirds of the 20 economists surveyed by Bloomberg, would mark the first clear instance this century when Swedish officials started easing before the European Central Bank and the US Federal Reserve.