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Riksbank Raises Key Rate; Signals 25 Bps Hike Ahead

Por: RTTNews Business April 26, 2023

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Sweden's central bank hiked its benchmark interest rate by half a percentage point on Wednesday in a bid to bring inflation down to the target and also signaled another increase of a quarter-point in June or September.The executive board of the Riksbank decided to raise the policy rate by 0.5 percentage points to 3.50 percent.The central bank started tightening its policy in April 2022, when the policy rate was zero percent. Regarding the... + full article



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