Riksbank cuts its Rate by 50bps as expected to 2.75% (prev. 3.25%); policy rate may also be lowered in December and H1 2025 (in line with what was communicated in September)

Rate decision

• To further support economic activity, the policy rate needs to be cut somewhat faster than was assessed in September. This is in reference to today's decision. 
• There are still few clear signs of a recovery.
• There are risks linked to the geopolitical tensions, the economic policy abroad, the krona exchange rate and economic activity in Sweden that can affect the outlook for economic activity and inflation and lead to a different monetary policy stance.

Bonds

• Now decided to maintain a holding of a nominal amount of SEK 20bln by trading in Swedish nominal government bonds. The decision means that the ongoing sales of nominal government bonds are expected to be concluded at the end of 2025.