Both the Swedish and Norwegian central banks have opted to keep their interest rates unchanged in light of economic uncertainties stemming from new US tariffs. Sweden's Riksbank maintained its rate at 2.25 percent, expressing caution and the need for clearer inflation projections. The bank noted growing global economic uncertainty and a potential shift in inflation dynamics. Meanwhile, Norway's central bank held its rate at 4.5 percent due to inflation exceeding its target, but hinted at possible reductions by 2025 as trade tensions heighten uncertainty about future economic conditions.
Sweden's Riksbank stated that it would be 'wise to wait' for more information to get a 'clearer picture' of inflation and economic activity.
Norges Bank's deputy governor noted that 'trade barriers have become more extensive,' creating uncertainty regarding future economic developments and interest rate outlook.
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