Published 2 years ago

Central Bank of Sweden raises interest rates by 50 bps and suggests additional interest rate hikes to 0.75%

Summary by Ground News

Riksbanken says it decided to raise the policy rate to 0.75% to try to prevent high inflation. Inflation in Sweden, which is part of the European Union but does not use the euro, is 7.2%. Consumer prices jumped 8.1% in the 19 countries sharing the euro last month.

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Reuters

Central Bank of Sweden raises interest rates by 50 bps and suggests additional interest rate hikes to 0.75%

[Stockholm 30th Reuters] - The Riksbank raised the policy interest rate by 50 basis points (bp) to 0.75% on the 30th. It suggested a policy to tighten even more drastically in order to cope with the sharp rise in prices. It was a drastic interest rate hike for the first time in about 20 years. The central bank pointed out in a statement that “the risk that high inflation will be incorporated into the determination of prices and wages has increas…

2 years ago·United Kingdom

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Associated Press News

Sweden’s central bank raises interest rate to hit inflation

2 years ago·United States

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abc News

Sweden’s central bank raises interest rate to hit inflation

Sweden’s central bank has raised a key interest rate by half a percentage point to combat rapidly rising inflation and price increases that are spreading through the economy

2 years ago·United States

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Financial Post

Sweden’s central bank raises interest rate to hit inflation

COPENHAGEN, Denmark (AP) -- Sweden's central bank raised a key interest rate by half a percentage point Thursday to combat rapidly rising inflation and price increases that are spreading through the economy. Read More

2 years ago·Canada

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MY Northwest

Sweden’s central bank raises interest rate to hit inflation

COPENHAGEN, Denmark (AP) — Sweden’s central bank raised a key interest rate by half a percentage point Thursday to combat rapidly rising inflation and price increases that are spreading through the economy.Riksbanken said that it decided to raise the policy rate to 0.75% to try to prevent high inflation from becoming entrenched.“The imbalances arising when demand increased faster than supply have been reinforced by Russia’s invasion of Ukraine a…

2 years ago·Tacoma, United States

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Publico

Central banks bury inflation and low interest rates in Sintra

After years of inflation often below targets and very low interest rates to avoid deflation, economists and central bank officials believe that, even after combating the current peak of inflation,

2 years ago·Portugal

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