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Sweden’s Central Bank Slashes Interest Rate Again as Inflation Stabilizes

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Sweden’s Central Bank Slashes Interest Rate Again as Inflation Stabilizes....KINDLY READ THE FULL STORY HERE▶

Sweden’s central bank, the Riksbank, took a decisive step on Tuesday by lowering its policy rate for the second time this year. The bank reduced the rate by 0.25 percentage points to 3.5 percent, citing stabilization in inflation and weak economic activity as key factors driving the decision.

This move follows the Riksbank’s first rate cut in eight years, implemented in May, although the rate remained unchanged the following month. The central bank emphasized that inflation had developed as anticipated, aligning closely with its two-percent target. Various economic indicators have reinforced this outlook, painting a picture of inflation stabilizing around the desired level.

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The Riksbank also signaled its openness to further rate cuts in the coming months, potentially lowering the rate two or three more times before the end of the year, should inflation continue to remain under control. However, the central bank cautioned that the future economic landscape remains uncertain. Risks such as geopolitical tensions, economic performance both within Sweden and globally, and fluctuations in the krona exchange rate could alter the inflation outlook and influence monetary policy decisions.

Swedish inflation reached its lowest point in nearly three years in June, standing at 2.6 percent, and remained steady in July. The CPIF, the inflation measure adjusted for interest rates that the Riksbank uses to guide its policy, was recorded at 1.7 percent year-on-year in July—falling below the central bank’s two-percent target.

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Sweden’s interest rate, previously held at four percent since September 2023, marked its highest level since 2008 following a series of rate hikes aimed at curbing inflation. Now, with inflation appearing to stabilize, the Riksbank is cautiously adjusting its approach, with the potential for further rate cuts to support the economy amid ongoing uncertainties.

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Bala Emerges NNPP National Chairman As Ajuji Dumps Party For ADC.

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The National Working Committee (NWC) of the New Nigeria People’s Party (NNPP) has announced Bala Yunusa Mohammed as its new National Chairman.....KINDLY READ THE FULL STORY HERE▶

In a statement signed by the party’s National Publicity Secretary, Ladipo Johnson, Bala was described as an experienced administrator who previously served as the National Organising Secretary of the party.

The NNPP said his emergence brings leadership experience, strategic strength, and renewed commitment to its grassroots political ideology.

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The party also confirmed the resignation of its former National Chairman, Dr. Ajuji Ahmed, who has left to join the African Democratic Congress (ADC).

It expressed appreciation for his service, noting his contributions during his tenure and wishing him success in his future political engagements.

The statement said the leadership change comes at a critical period in Nigeria’s political landscape, citing economic hardship, inflation, insecurity, and what it described as threats to democratic stability ahead of the 2027 elections.

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NNPP alleged growing political tension, including internal party crises and legal battles aimed at weakening opposition parties.

With Bala now at the helm, the party said it is positioning itself for stronger unity and preparation ahead of the next general election, describing the move as part of efforts to offer Nigerians better governance alternatives.

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Nenadi-Led Labour Party Denies Operating Any Official Social Media Account.

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The Labour Party has clarified that it does not currently operate any official social media account for public communication.....KINDLY READ THE FULL STORY HERE▶

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Ekiti 2026: Oluyede Challenges Oyebanji To Public Debate, Unveils Reform Agenda.

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The Peoples Democratic Party (PDP) governorship candidate in Ekiti State, Wole Oluyede, has challenged Governor Biodun Oyebanji to a public debate ahead of the June 20, 2026 election, while unveiling policy proposals aimed at addressing what he described as gaps in governance under the All Progressives Congress (APC).....KINDLY READ THE FULL STORY HERE▶

Oluyede issued the challenge during a meeting with PDP members from all 177 wards in the state held in Ikere Ekiti on Saturday, saying a debate would give voters a clear comparison of both candidates’ plans.

He highlighted key challenges such as unpaid gratuities, limited access to affordable healthcare, unemployment, poor infrastructure, and weak grassroots economic development.

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To address these, he proposed a structured plan to clear pension arrears, an expanded health insurance scheme for vulnerable residents, and stronger support for small and medium-scale businesses through grants, training, and partnerships. He also identified agriculture and agro-processing as major job-creation sectors for youths.

Oluyede said he is ready to be held accountable by the people, stressing that his proposals are practical and measurable.

He also urged party members to remain united following recent internal reconciliation efforts and intensify grassroots mobilisation ahead of the election.

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PDP leaders at the meeting, including factional chairman Tunji Odeyemi and campaign director-general Makanjuola Ogundipe, called for stronger grassroots engagement and unity within the party.

Other stakeholders described Oluyede’s emergence as providential, urging supporters to stay focused on the campaign.

The debate challenge is expected to add momentum to the early build-up toward the 2026 governorship race in Ekiti State.

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