Financial markets at risk of ‘sharp correction’, warns Bank of England – business live

Rolling coverage of the latest economic and financial news, as UK central bank publishes its new financial stability report

Global wave of elections could hit UK financial system, warns Bank of England

Just in: Sweden’s central bank, the Riksbank, has left interest rates on hold at 3.75%.

But it also hints that rates could be cut as many as three times in the second half of 2024 if inflation prospects remain the same.

Inflation is close to the target and economic activity is weak. The Executive Board considers that monetary policy should be adjusted gradually, and has decided to hold the policy rate unchanged at 3.75%.

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