Swedish c.bank raises policy rate, more needed to tame inflation
Source: Reuters
Three-quarter point hike in line with forecastsRates seen peaking near 3% in 2023 vs previous 2.5%Rats to stay at peak level through 2025STOCKHOLM, Nov 24 (Reuters) - Sweden's central bank raised its key interest rate by three-quarters of a percentage point on Thursday to 2.5% and signalled further hikes next year to fight surging inflation.The Riksbank, which as late as February expected rates to remain at zero…
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