AAt 5:55 pm (Lisbon time), the euro was trading at 1.0748 dollars, compared to 1.0770 dollars on Tuesday.
The European Central Bank (ECB) set the euro reference exchange rate at 1.0743 dollars.
In monetary policy, Sweden’s central bank (Riksbank) today announced a cut in its main interest rate of 25 basis points, the first cut in eight years.
The decision to reduce the main policy rate to 3.75% was justified as inflation approaches the 2% target and the Riksbank predicts two more cuts by the end of the year.
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Eighth consecutive year Consumer Choice for Online Press and elected product of the year 2024.
* Study by e Netsonda, Nov. and ten. 2023 product of the year – pt.com
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Eighth consecutive year Consumer Choice for Online Press and elected product of the year 2024.
* Study by e Netsonda, Nov. and ten. 2023 product of the year – pt.com
