Swedish bank lowers Sweden's economic growth forecast, expected Central Bank to cut interest rates twice this year to 1.75%

According to the Finance and Economics APP, the latest "Economic Outlook" report released by the Swedish Central Bank has significantly adjusted its forecast for the benchmark interest rate of the Swedish Central Bank: it is expected to cut interest rates by 50 basis points to 1.75% before the end of the third quarter of this year, compared to the bank's previous forecast of "a single 25 basis point rate cut to 2.25% in August". This adjustment represents a major shift from the conservative forecast of "most analysts expecting a rate cut to 2% in the fourth quarter" in last month's survey.