India, June 18 -- Sweden's central bank lowered its policy rate on Wednesday, as expected, and signaled the probability of another reduction this year as inflation is expected to lower than earlier forecast and likely to stabilize around the target.
The Riksbank Executive Board, led by Governor Erik Thedeen, cut the policy rate by 0.25 percentage points to 2 percent. The bank kept the policy rate steady at 2.25 percent in March and May, following a quarter-point reduction in February.
"The forecast for the policy rate entails some probability of another cut this year," the bank said. "The lower interest rate will stabilize inflation at the target and contribute to strengthening economic activity."
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