MARKETS Sweden’s central bank should cut interest rates by an unprecedented full percentage point when it announces the outcome its latest board meeting on Thursday and follow it with a similarly aggressive cut later this month, according to the Organisation for Economic Co-operation and Development.
Robert Ford, OECD deputy director, visiting Stockholm to unveil the organisation’s latest report on Sweden, said he expected rates to be at 2 per cent by the end of this year or early next year, almost half the current level of 3.75 per cent.
