Riksbank united on rate increase, minutes show

The board of the Swedish Riksbank was unanimous in its 19 June decision to hike the repo rate by 25 basis points to 2.25 pct, according to the minutes of the monetary policy meeting published Monday 3 July.

"All members were agreed that an increase in the repo rate of 0.25 percentage points was the most reasonable decision at present to ensure an inflation rate close to target and to contribute to a balanced development of the real economy," said the minutes.

"One member emphasised that the for

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