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Sweden cuts its key rate by 0.5 percentage points to 2.75%, the largest reduction in over a decade

  • Sweden's central bank, Riksbanken, cut its key interest rate by 0.5 percentage points to 2.75%, marking the largest reduction in over a decade.
  • The cut aims to provide further support to the economy and help stabilize inflation at the target, according to Riksbanken.
  • Riksbanken stated that the policy rate may also be cut again if economic activity and inflation outlooks remain unchanged.
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