Sweden’s central bank on Thursday cut its key interest rate by half a percentage point to 2.75% in what was described as the largest reduction in over a decade. Riksbanken said the cut, the fourth ...
The interest rate cut was the largest reduction in over 10 years, Swedish news agency TT wrote. At its highest in February 2023, the 12-month inflation rate was 12.0%. The cut was effective from ...
Sweden and Norway are backtracking on becoming cashless societies amid concerns that digital payment systems could be exploited by Russia. While Sweden was predicted to become cashless by 2025 ...