Tuesday, February 15, 2011

Swedish Central Bank Raises Rates 25bps to 1.50%

Sweden's Central Bank, the Riksbank, raised the repo rate by 25 basis points to 1.5% from 1.25% previously. The Riksbank noted "The assessment is also that the repo rate needs to be raised somewhat faster in the coming period," also noting that underlying inflation pressures are "expected to increase as economic activity strengthens". Sweden recorded inflation of 2.3% in December 2010, compared to the Riksbank's official inflation target of 2.0%.



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