Riksbank slows down normalisation with 75bp rise
Ingves chairs last policy decision as Riksbank predicts higher inflation and lower growth
Sveriges Riksbank’s executive board increased interest rates by 75 basis points today (November 24), in the last policy decision under governor Stefan Ingves.
This brings the rate to 2.5%. The Riksbank started to raise the rate from 0% in April and implemented its first-ever 100bp rate increase in September.
The Riksbank revised its forecast of the future rate path upwards, and also predicted higher inflation and weaker growth. It now expects the policy rate to average 2.8% in 2023, up from 2
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