Riksbank cuts rate by 25 bps, Brazil cenbank raises outlook

SWEDEN'S RIKSBANK ON Thursday lowered its benchmark interest rate by 25 basis points and signaled its easing campaign is likely to be wrapping up with one cut left to deploy.

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The central bank in Stockholm cut the key rate to a two-year low of 2.5%. The Swedish krona rose around 0.4% after the decision to trade at 11.48 per euro. The currency has fallen roughly 3% this year, pressured by a we