The Swedish central bank will probably begin a pivot toward interest-rate cuts this week as officials grow more confident that they’re succeeding in taming inflation.

The Riksbank’s first decision of the year, to be communicated on Thursday, will allow policymakers to catch up with a global shift in the direction of easing performed by major counterparts in the 10 weeks since its last meeting, when the board unexpectedly shirked from a final increase in borrowing costs.