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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
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4. Submissions must be original and comply with community guidelines. Plagiarism or re - 🎉 The #CandyDrop Futures Challenge# is live — join now to share a 6 BTC prize pool!
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Swedish core inflation drops to a five-month low, interest rate cut expectations rise.
Gate News bot news, Sweden's core inflation rate has dropped to its lowest level in five months, largely in line with market expectations, further enhancing the likelihood of the Central Bank of Sweden cutting interest rates later this month.
According to preliminary data released by Statistics Sweden on Thursday, the annualized inflation rate, excluding energy factors, fell from 3.1% in April to 2.5%, lower than the median analyst forecast of 2.6% and also below the previous forecast of 2.7% by the Central Bank of Sweden. This data will serve as an important reference for the Central Bank of Sweden when formulating monetary policy at the policy meeting on June 17.
Previously, officials from the Central Bank stated that the rise in inflation since the beginning of this year is temporary and released slightly dovish signals at the policy meeting in May.
Source: Jin Shi