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Sweden cuts key rate for first time in eight years

By Inquirer - 7 months ago
STOCKHOLM — Sweden’s central bank cut its key interest rate for the first time in eight years on Wednesday, citing easing inflation and hinting at two more reductions before year-end. The rate was reduced by a quarter-point to 3.75 percent after several years of high inflation, which has come down significantly in recent months. “Inflation

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