Swedish Central Bank Raises Interest Rates by 0.25% to Curb Inflation

The Swedish central bank (Rigsbank) raises bond repurchase rates, in other words, the key interest rate, to 0.25% from 0% previously.

The central bank said the rate hike would take effect May 4 to curb inflation, which has reached its highest level since the 1990s.

In addition, the central bank said it would gradually raise interest rates to near 2%, which is the central bank’s target.

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