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.