This week four European central banks left policy rates on hold while the Bank of England cut rates, following Sweden's Riksbank decision to keep its policy rate at 1.75 percent.The BoE cut 25 basis points in a narrow 5–4 vote, with Meghan Greene among the dissenters warning that services inflation could surge, while the ECB held rates but upgraded its growth outlook and said inflation could return to 2 percent by 2028.Erik Thedéen said Sweden is "in a fairly good place" as the Riksbank raised its 2026 GDP forecast to 2.9 percent and kept guidance that policy will remain data dependent even as two‑year yields and mortgage funding costs have climbed and the National Debt Office plans higher borrowing next year.