Sweden’s Riksbank cut borrowing costs by a half point for the first time in a decade, accelerating aid for a stagnant economy with the promise of more to come.
The government of Sweden has promised to support the country’s fledgling battery industry with new funds for research and a push to retain the skills of workers made redundant by Northvolt AB.
The Riksbank lowered its key interest rate, becoming the first central bank to do so since the election of Donald Trump as U.S. president created fresh uncertainties about the global economic outlook.