According to Jinshi, the Swedish central bank cut its interest rate for the first time in eight years, reducing the benchmark interest rate by 25 basis points to 3.75%, becoming the second developed economy to cut interest rates after the Swiss National Bank. The Swedish central bank said that inflation is returning to the target and economic activity is weak, so it can relax monetary policy and plans to cut interest rates twice in the second half of the year. This is very different from the Federal Reserve's postponement of interest rate cuts due to stubborn inflation.