Sweden's Riksbank raises interest rates

Sweden's Riksbank raised its interest rate, the repo rate, by 0.25 percentage points to 2% on Thursday 23 February.

The decision was made at Wednesday's financial policy meeting.

"The forecasts described in the Inflation Report indicate low inflationary pressure and that it might be possible to increase the repo rate at a slightly slower rate in future, compared with the interest rate path on which the forecasts are based," wrote the Riksbank in a statement.

The bank also said that market expect