超预期！刚宣布：降息25个基点

Core Viewpoint - The Swedish central bank has lowered its policy interest rate by 0.25 percentage points to 1.75%, exceeding market expectations, and plans to maintain this level if inflation and economic activity remain stable [2][5]. Economic Indicators - The global economy is still affected by geopolitical tensions, but the overall growth outlook remains unchanged [2]. - Sweden's inflation rate in August remains high, but core inflation, excluding energy prices, has slightly decreased [2]. - The central bank forecasts CPIF inflation at 2.6% for 2025 and 1.0% for 2026, with GDP growth expected at 0.9% for 2025 and 2.7% for 2026 [3][4]. Policy Rate Projections - The central bank projects the policy rate to remain at 1.75% from Q4 2025 to Q3 2026, with a slight increase to 1.88% by Q3 2027 and 2.04% by Q3 2028 [4]. Recent Actions - This rate cut marks the third reduction by the Swedish central bank this year, bringing the rate to its lowest level in three years [5]. - The central bank has also implemented measures to allow fluctuations in the holding of Swedish government bonds between 18 billion and 22 billion Swedish kronor [5].