Sweden should raise rates soon, OECD says

The OECD on Feb 8, 2001 called on Sweden's central bank, which has signalled it plans to keep interest rates on hold for now, to tighten monetary policy soon. The Organisation for Economic Cooperation and Development said in a country report the Riksbank needed to take quick action to bring booming growth closer to the economy's sustainable pace of 2-2.5 percent per year.

Swedish short-and long-term market interest rates ticked up slightly on the report but analysts said the report was unlikely

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