Riksbank hikes but hints at cuts to come

The Riksbank raised rates to a 12-year high on Thursday but indicated that it was likely to cut borrowing costs more sharply than previously thought next year.

The quarter point hike leaves rates at 4.75%, their highest level since October 1996. It is the central bank's second-straight rate rise.

"The rate increase is necessary to prevent high inflation from becoming entrenched," the central bank said. "Inflation has risen substantially and is at its highest level since the mid-1990s." Inflation

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: