Bank of England expected to cut UK interest rates today as trade war threatens economy – business live

Rolling coverage of the latest economic and financial news

Sweden’s central bank has left interest rates on hold this morning, despite concerns about the economic outlook.

Sveriges Riksbank has maintained its policy rate at 2.25% today, with policymakers concerned that Donald Trump’s new US trade policy has increased uncertainty in the global economy.

The increased uncertainty abroad implies that the economic outlook appears to be slightly weaker than in the March forecast. The impact on inflation is more difficult to assess.

The Executive Board considers that monetary policy is currently well-balanced and that it is wise to await further information to obtain a clearer picture of the outlook.