According to Jinshi, Capital Economics economist Adrian Prettejohn said that Sweden's inflation data for April confirmed that the Riksbank is unlikely to cut interest rates in June. The inflation indicator for April rose slightly to 2.3% from 2.2% in March, which was roughly in line with expectations, while the core inflation indicator remained stable at 2.9%. The fall in inflation in March was much larger than expected, prompting the Riksbank to cut interest rates last week, but Capital Economics expects policymakers to keep interest rates unchanged at the end of June unless there is a big surprise in May's inflation data. However, due to economic weakness and easing price pressures, the bank expects the Riksbank to cut interest rates by a further 75 basis points this year.