Sweden’s central bank has raised interest rates again by half a percentage point, raising the benchmark interest rate to 0.75% from 0.25% in a bid to tackle 30-year high inflation. The rate hike, although expected by analysts, was Riksbank’s largest in more than two decades. Rising prices from fuel to food have pushed up inflation […]
Tag: Riksbank
Sweden: Unexpected rise in interest rates by the central bank
Sweden’s central bank surprised markets by raising the key repurchase rate to 0.25% from 0%, reversing the previous interest rate trend and signaling a slower pace of asset purchases as it struggles to cope with higher inflation than expected. affect the formation of prices and wages. Economists were divided over whether the Riksbank would raise […]
Sweden: Inflation has fallen from a 30-year high
Swedish inflation fell to a nearly 30-year high in January, but rising underlying price pressures could force the reluctant central bank to speed up policy tightening. At the most recent meeting, a divided Riksbank generally kept its policy plans unchanged, commenting that the rise in inflation was temporary and mainly due to energy prices. But […]
Riksbank: Interest rates unchanged in Sweden (upd)
LAST UPDATE 11:34 The Swedish central bank has announced an unchanged policy, arguing that inflation above the target will decline next year, aiming for a first rate hike (after the pandemic) at the end of 2024. The key repurchase rate has been at zero since early 2020, and the Riksbank is in no hurry to […]