Swedish Krona Soars
The Riksbank recently raised interest rates to 4%, against expectations, sending the Swedish krona soaring higher.
The Swedish central bank explained that it has raised the interest rate by 25 basis points to combat rising inflation, adding that there were risks linked to slower economic activity and financial market turbulence.
The bank has kept its options open, [...]
Swedish Central Bank raises interest rate to keep inflation in check
The Swedish central bank has said it had decided to hike its leading interest rate by 0.25 percentage points, taking the repo rate to 2.25 percent to help keep a lid on inflationary pressures.
The Riksbank’s goal is to hold inflation to less than 2.0 percent. Inflation has risen over the past year and stood at [...]
