Riksbank leaves rates unchanged at 3.25%

Sweden's Riksbank said Friday 4 May it would leave its key interest rate unchanged at 3.25% but said the rate should be raised gradually in the future and by more than the 0.25% it forecast in February.

"One reason to raise the rate more is that wages are expected to increase at a faster rate than was previously forecast," the Riksbank said.

"Both employment and the labour force are increasing at a good rate and unemployment is continuing to fall," the bank said.

The Riksbank said in its press

To continue reading...